Unemployment in a developing country is generally take place due to

CA Foundation · Business Economics · MTP · April 2025
Unemployment in a developing country is generally take place due to
(A) A. Switch over from one job to another.
(B) B. Lack of effective demand
(C) C. Seasonal factors.
(D) D. Lack of complementary factors of production.

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Lack of effective demand

Topics: Indian Economy

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