Structural unemployment is a type of unemployment where people lose their jobs because their skill is no longer in demand.
Further Explanation:
Structural unemployment:
Structural unemployment exists when there is a no match between the need of the business and the skill set of the workers. Generally, this type of unemployment occurs when new technology takes places an existing process method. When the existing workers are not competent to use the new technology then their skills are not required. This situation results in structural unemployment.
In the current case, people are losing their jobs because there is no longer a demand for their skills. The use of new skill set or the replacement of the human skills with the computer skills can be the reason behind the loss in the demand.
Thus, when people lose their jobs because of the decrease in the demand for their skills is known as structural unemployment.
Learn more:
1. Learn more about the demand and supply diagram
2. Learn more about the demand curve
3. Learn more about the forecasting human resources supply
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Income & Employment
Keywords: Which, type of, unemployment is, defined as, people losing, their jobs, because, their, skill, is no, longer in, demand, employment, economics, business.
b) to erp in the future
c) to another state with different tax laws
d) to dos in the future
e) to another country where the company can save by paying workers a lot less
Answer:
B) to erp in the future.
Explanation:
Answer:(25000 × 9.6) / 100
Explanation:
25000 mail is 100% of the email, so 9.6% of them will be the result of the answer i gave
b. Lock washers
c. Wedges
d. Extension springs