Discuss in groups and answer the following:

Define unemployment.

Unemployment is the state of condition where the person is not able to engage in any work or job at the prevailing wage rate. It is the state of condition where the person remains jobless. There are different types of unemployment but at large the meaning of unemployment is the when the person is willing to work prevailing wage rate and he is not able to find a job and he is said to be unemployed. The rate of the person who is unemployed is being increasing day by day in India.