Explain:
(i) Voluntary unemployment
(ii) involuntary unemployment
or
Explain the distinction between voluntary and involuntary unemployment.
or
Distinguish between voluntary unemployment and involuntary unemployment.
(i) Voluntary unemployment It is a situation in which a worker is not willing to work at the current rate of wages.
(ii) Involuntary unemployment It is a situation in which a worker is willing to work at current rate of wages but does not get work.