In this lecture we would discuss what is voluntary unemployment its meaning definition as per the syllabus of class 12 cbse board.
This topic is concerned with Determination of Income and employment unit of Macro economics class 12 CBSE.
What is the meaning of Voluntary Unemployment
Voluntary unemployment is that part of the labour force, which do not prefer to work even if suitable work is available. Such type of labour force, is not counted in labour force of the country.
Government is not responsible to provide job opportunities to such labor force. Government is only concern to remove involuntary unemployment from the country.
Definition of Voluntary Unemployment
Voluntary Unemployment refers to that part of the population which prefers not to work even though suitable work is available for them.