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Salient Features and Challenges Before Indian Economy
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Unemployment due to change in demand and supply conditions or due to change in market conditions is called
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A
frictional unemployment
💡 Explanation:
Frictional unemployment occurs when workers are temporarily between jobs due to normal labor market turnover - people quitting, being fired, or entering/re-entering the workforce. It's caused by the time lag matching workers with jobs as demand, supply, and market conditions constantly change. Structural unemployment is from skill mismatches, disguised is hidden underemployment, and open unemployment is visible joblessness.