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Question : The concept of "technological unemployment" refers to:

Option 1: Unemployment caused by changes in the business cycle.

Option 2: Unemployment caused by the migration of workers to urban areas.

Option 3: Unemployment caused by the introduction of labor-saving technologies.

Option 4: Unemployment caused by the lack of job opportunities in rural areas.


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Unemployment caused by the introduction of labor-saving technologies.


Solution : The correct answer is (c) Unemployment caused by the introduction of labor-saving technologies.

The concept of "technological unemployment" refers to unemployment that arises when technological advancements and automation replace the need for human labor in various industries and occupations. As technology evolves, machines and automation can perform tasks more efficiently and effectively, leading to a reduced demand for human labor in certain areas. This can result in job losses and unemployment for individuals whose skills or occupations become obsolete due to technological advancements.

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