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Q: Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called
  • A. Structural unemployment
  • B. Frictional unemployment
  • C. Seasonal unemployment
  • D. Cyclical unemployment
Correct Answer: Option A - It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market. Many people in India do not get job due to lack of requisite skills and poor education level.
A. It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market. Many people in India do not get job due to lack of requisite skills and poor education level.

Explanations:

It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market. Many people in India do not get job due to lack of requisite skills and poor education level.