Answer :
Answer:
Friction unemployment -the unemployment which exists in any economy due to people being in the process of moving from one job to another.
Cyclical unemployment- is the overall unemployment that results directly from cycles of economic upturn and downturn.
The main 2 possible reasons for unemployment includes:
- Increased population
- lack of education or skills
What is an unemployment?
An unemployment refers to when someone is actively searching for employment but unable to find work.
The main cause of unemployment in a country includes:
- Increased population: This makes supply of worker overwhelm demand for worker
- rapid technological change: This replaces human with artificial intelligence
- lack of education or skills etc
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