To understand the distinguish between Open Unemployment and Disguised Unemployment, take a look of the table below.
|Distinguish between Open Unemployment and Disguised Unemployment|
In this, an individual is unable to earn his livelihood because of having no job.
In this, individual works at a place where employed people are more than required.
It is clearly visible to others.
This is a hidden type of unemployment.
It exists among the educated unemployed.
It exists mostly in the agriculture sector in rural areas.
Distinguish Between Open and Disguised Unemployment
In open unemployment, there is no job in the hands of the person, whereas in disguised unemployment, the person works in a place employing more people than necessary. This is the key difference between open unemployment and disguised unemployment
What is Unemployment?
The situation in which a person who is actively searching for a job and is unable to find work is called unemployment. There are various types of unemployment, such as Open Unemployment, Disguised Unemployment, Seasonal Unemployment, Structural Unemployment, etc. Unemployment is a tool to measure the health of the economy.
As a matter of concern, the unemployment rate in India is increasing day by day. It is affecting the economy of India. The number of unemployed people is inversely proportional to the development of a nation.