economicsChoose if the given statement is True/False.A 14 years old is willing to work but can’t find work. So he is unemployed.

Choose if the given statement is True/False.


A 14 years old is willing to work but can’t find work. So he is unemployed.


  1. A
    True
  2. B
    False 

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    Solution:

    The above statement is False.
    In addition to lacking the ability, the 14-year-old is not legally permitted to work. That individual is not considered while calculating the labour force of the country. Hence, he can’t be termed as unemployed. A person is considered unemployed when they wish to work but cannot do so in the job market. Two key factors contributing to unemployment in India are its vast population and the scarcity of resources. Some things might bring on unemployment. One is the lack of sufficient employment creation due to the economy's poor growth.
     
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