(i) Structural unemployment
This type of unemployment occurs when the supply of a particular category of workers exceeds the demand for the services e.g. supply for white collar jobs exceeds the job availability. So the possible cause for this unemployment occurs when the persons have different skills from those being demanded by the employers so the solution is to train the employees and also the government is to introduce the appropriate forms of education in schools and institutions to equip the school-leavers with relevant skills and attitudes for the existing job opportunities.
(ii) Frictional unemployment
This is a short-term unemployment that occurs as people adjust to market changes for instance, by quitting an existing job to seek a new one. This may be caused by people becoming too selective when choosing the jobs they want which may not be available in the market. The possible solutions for this would be to export laborers where there are too many skilled people and the government to provide travel permits for people to take up jobs outside the country.
(iii) Voluntary / real wage unemployment
It occurs where people choose not to work because they consider the remuneration to be low. The possible cause for this is where there is low demand for goods and services due to low incomes which result to a decline in economic activities and consequently a decline in employment. The solution for this is to encourage firms to use appropriate methods of production such as labour intensive techniques to enable more people to be absorbed in the available jobs.
(iv) Cyclical unemployment
This is unemployment which arises due to situations in the economic activities over a period of time in a pattern known as trade cycle. The possible cause is where low demand for goods and services due to low incomes which result to a decline in economic activities. The solution is where the government needs to initiate major projects that increase the government expenditure.
(v) Residual unemployment
This unemployment arises due to handicaps such as mental disorders and blindness which hinder people from engaging in production activities. The possible solution for this is to encourage government to introduce foreign investors in many ways to cater for this people.
sharon kalunda answered the question on September 2, 2019 at 11:36
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Date posted: September 2, 2019. Answers (1)
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2010............. 300
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,, 3 Bought stock of...(Solved)
Enter the following transactions in the relevant ledger accounts
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,, 3 Bought stock of goods for Sh. 40,000 and paid in cash
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Closing stock .........................15,000
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The following transactions took place on July 1 2000.
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The following balance sheet belongs to Nyakwar Atiyo during the period ended 30th June 2000.
The following transactions took place on July 1 2000.
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The following trial balance was extracted from the books of Lule Traders on 30th April 2015
Stock as at 30.4.2015 Shs. 49,980
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Bartenge Enterprises started business on 1st May 2014 with Shs. 250,000 consisting of:
Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs. 20,000.
The following transactions took place during the month of May.
3rd May 2014, Motor Van worth Shs. 85,000 and stock of Shs. 25,000 were bought on credit
6th May 2014, more stock worth shs.10,000 was bought by cash
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23rd May 2014, paid Shs. 65,000 by cheque for the motor van bought earlier on credit
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Date posted: September 2, 2019. Answers (1)
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Unemployment solving has been an agenda to most developing economies. Identify the type of unemployment being solved below.
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Date posted: September 2, 2019. Answers (1)
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Dec 5 –...(Solved)
The following information relate to Kamau traders for the month of December 2015.
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