Distinguish between seasonal unemployment and technological unemployment
Seasonal unemployment is a form of unemployment that occurs when people are unemployed at particular times of the year when demand for labour is lower than usual. For example during winter, in some places people remain completely unemployed with no production
Technological unemployment a phenomenon where new inventions change the nature of work, eliminating some specific jobs while also creating new higher paying jobs and launching entirely new industries e.g. use of computers to replace labour in production process.
CATEGORIES Economics
TAGS Dr. Bbosa Science