DIFFERENCE BETWEEN VOLUNTARY AND UNVOLUNTARY EMPLOYMENT - Economics - Determination of Income and Employment

Question

DIFFERENCE BETWEEN VOLUNTARY AND UNVOLUNTARY EMPLOYMENT????

Richa Gupta · Accepted Answer

Voluntary
Unemployment

Involuntary Unemployment

Voluntary unemployment refers
to a situation where a person who is able to work remains
unemployed due to his/her own willingness

Involuntary unemployment
refers to a situation where a person who is willing and is able to
work does not get work at the existing wage rate

Under this situation, the
person remains unemployed despite jobs being available in the
market

Under this situation, the
person remains is unemployed due to non-availability of jobs in the
market

*Voluntary Unemployment*	*Involuntary Unemployment*
Voluntary unemployment refers to a situation where a person who is able to work remains unemployed due to his/her own willingness.	Involuntary unemployment refers to a situation where a person who is willing and is able to work does not get work at the existing wage rate.
Under this situation, the person remains unemployed despite jobs being available in the market.	Under this situation, the person remains is unemployed due to non-availability of jobs in the market.