Select if the given statement is true/false:

Disguised unemployment is a situation of underemployment.

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True

False

answer is A.

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Detailed Solution

The given statement is true.
Underemployment is a situation where people who have good skills and qualifications work on jobs that require very few skills and qualifications. Here, both the material as well as the human resources are getting wasted. Disguised unemployment is a situation of underemployment. It is the most common in the primary sector. It is a situation where the number of people working is more than required. For example, let us take an agricultural plot ready for harvesting. Only ten people are required to work on the land. However, it is common to see more than 20 people working in the field for harvesting. The efforts of these extra ten people are not contributing anything more to the economy.

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