34 Views

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.

Related Questions

Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Amrita University B.Tech 2026
Apply
Recognized as Institute of Eminence by Govt. of India | NAAC ‘A++’ Grade | Upto 75% Scholarships
Amity University, Noida | Law...
Apply
700+ Campus placements at top national and global law firms, corporates and judiciaries
Great Lakes Institute of Mana...
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
Manav Rachna University Law A...
Apply
Admissions open for B.A. LL.B. (Hons.), B.B.A. LL.B. (Hons.) and LL.B Program (3 Years) | School of Law, MRU ranked No. 1 in Law Schools of Excelle...
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC | Ranked 33rd by NIRF 2025
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books