Discussion
When the productive capacity of the economic system of a state is inadequate to create sufficient number of jobs, it is called
Answer: C
Correct answer: structural unemployment.
Structural unemployment arises when the economy’s productive capacity is simply too small, or wrongly composed, to employ those seeking work - a mismatch of long standing rather than a passing shortfall in demand. It needs investment and skills to cure. Cyclical unemployment follows the trade cycle, and seasonal unemployment the calendar.
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