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

Option 1: Individuals who are unemployed and actively seeking employment

Option 2: Individuals who choose not to work despite being capable of doing so

Option 3: Individuals who are unemployed due to changes in the business cycle

Option 4: Individuals who are unemployed and discouraged from seeking employment


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 8th Jan, 2024

Correct Answer: Individuals who choose not to work despite being capable of doing so


Solution : The correct answer is (b) Individuals who choose not to work despite being capable of doing so.

Voluntary unemployment refers to a situation where individuals choose not to work, even though there are job opportunities available and they possess the necessary skills and qualifications for employment. It is a conscious decision by individuals to remain unemployed, often due to personal preferences, lifestyle choices, or other reasons. Voluntary unemployment is different from involuntary unemployment, which occurs when individuals are actively seeking employment but are unable to find suitable jobs.

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