Correct option is B
The correct answer is (b) Educated unemployment.
Educated unemployment refers to a situation where educated individuals are unable to find jobs that match their qualifications or skills.
This type of unemployment is common in India due to a mismatch between the education system and the job market's needs.
Despite having degrees, many graduates do not possess the practical or technical skills required by employers, leading to high levels of unemployment among educated youths.
Efforts to address this issue include skill development programs and vocational training to bridge the gap between education and employment.
Information Booster:
Structural unemployment:
Structural unemployment occurs when there is a long-term decline in demand in an industry leading to job losses.
It often results from technological advancements, changes in consumer preferences, or globalization.
Workers may need retraining to find employment in new industries.
Cyclical unemployment:
Cyclical unemployment is related to the economic cycle, where job losses occur during economic downturns and are recovered during periods of economic growth.
It is temporary and linked to fluctuations in business activity.
Technological unemployment:
Technological unemployment is caused by technological changes that make certain skills obsolete.
Automation and innovation can replace human labor, leading to job displacement for those who do not adapt to new technologies.