Voluntary unemployment is that part of the working force not willing to engage itself is gainful occupation. Involuntary unemployment is that part of labour force which is willing and able to work at the prevailing wage rate but is out of work.
Explain the distinction between voluntary and involuntry employment.
Answers
Talvindar
Voluntary unemployment is that part of the working force not willing to engage itself is gainful occupation. Involuntary unemployment is that part of labour force which is willing and able to work at the prevailing wage rate but is out of work.