State with reasons whether you agree or disagree with the following st

1.	State with reasons whether you agree or disagree with the following statements:Problems of unemployment in India and America are the same. ORProblems of unemployment in developed and developing countries are the same.
Answer» No, I do not agree with the statement. Problems of unemployment in India and America are not the same. India is a developing country whereas America is a developed one. India being an agricultural economy, in rural areas there is a problem of disguised and seasonal unemployment and in urban areas, there is underemployment, frictional, structural, and educated unemployment. All this is because of overpopulation. But America is a technically advanced country and being thinly populated, the problem of unemployment is not so very serious. More often cyclical unemployment is found there which is because of a lack of effective demand. Hence, the statement that the problems of unemployment in India and America are the same is not correct.

State with reasons whether you agree or disagree with the following statements:Problems of unemployment in India and America are the same. ORProblems of unemployment in developed and developing countries are the same.

Answer»

No, I do not agree with the statement.

Problems of unemployment in India and America are not the same.
India is a developing country whereas America is a developed one.
India being an agricultural economy, in rural areas there is a problem of disguised and seasonal unemployment and in urban areas, there is underemployment, frictional, structural, and educated unemployment.
All this is because of overpopulation.
But America is a technically advanced country and being thinly populated, the problem of unemployment is not so very serious.
More often cyclical unemployment is found there which is because of a lack of effective demand.
Hence, the statement that the problems of unemployment in India and America are the same is not correct.