Distinguish between open unemployment and disguised unemployment.

Question: Distinguish between open unemployment and disguised unemployment.

Open unemployment is a scenario where individuals are actively seeking employment but are unable to find work. This form of unemployment is easily observable and often affects urban areas, particularly among educated youth. Disguised unemployment, on the other hand, occurs when more people are employed than are actually needed, resulting in the underutilization of labor. This type is less visible and commonly found in sectors like agriculture, where the excess labor does not proportionately increase productivity. While open unemployment directly impacts economic growth by reflecting job shortages, disguised unemployment represents inefficiency and a waste of human resources, which can be equally detrimental to the economy in the long run.

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