The disguised unemployment of under developed countries in
agriculture is different from the open
industrial unemployment to be found in the developed countries the cause of
open unemployment in the industrial countries is the deficiency of effective
demand during depression . owing to a reduction in aggregate demand. Output is
reduced in some factories and other factories are altogether closed on account
of lack of demand . output is reduced in
some factories and other factories are altogether closed on account of lack of
demand, of their goods. As a result, labor in spite of the availability of
capital. The cause of this unemployment , as we have said just said now is the
reduction in aggregate demand.
No comments:
Post a Comment