i. Modern technology being capital intensive requires lesslabourers and contributes to technological unemployment.
ii. Now a days, invention and innovations lead to the adoption of new techniques there by the existing workers are retrenched

i. Temporary unemployment arises due to imbalance between supply of labour and demand for labour.
ii. This is because of immobility of labour, lack of necessary skills, break down of machinery, shortage of raw materials etc.

i. Seasonal Unemployment type of unemployment occurs during certain seasons of the year.
ii. In agriculture and agro based industries like sugar, production activities are carried out only in some seasons.
iii. These industries offer employment only during that season in a year.

1. Cyclical unemployment exists during the downturn phase of trade cycle in the economy.
2. In a business cycle during the period of recession and depression, income and output fall leading to widespread unemployment.

i. Cyclical Unemployment
ii. Seasonal Unemployment
iii. Frictional Unemployment
iv. Educated Unemployment
v. Technical Unemployment
vi. Structural Unemployment
vii. Disguised Unemployment

Liquidity preference is based on three motives. They are,
(i) Transaction motive
(ii) Precautionary motive
(ii) Speculative motive

MEC depends on two factors namely
(i) Prospective yield of capital asset
(ii) Supply price of capital

(i) Ceteris paribus (constant extraneous variables).
(ii) Existence of Normal Conditions.
(iii) Existence of a Laissez-faire Capitalist Economy.

Unemployment is problem faced when there are people, who are willing to work and able to work but can't find suitable job.

Keynes theory of employment was based on the view of the short run. According to him, the factors of production such as capital goods, supply of labour, technology and efficiency of labour remain unchanged while determining the level of employment.

J.B. Say enunciated the proposition that "Supply creates its own demand": Hence there cannot be general over production or the problem of unemployment in the economy.

(i) Seasonal unemployment
(ii) Frictional unemployment

Aggregate supply = C + S + T + RF = Aggregate income generated in the economy

(i) Consumption Demand
(ii) Investment Demand
(iii) Government Expenditure
(iv) Net Export (Export - Import)

Cyclical Unemployment:
(i) This unemployment exists during the downturn phase of trade cycle in the economy.
(ii) In a business cycle during the period of recession and depression, income and output fall leading to widespread unemployment.