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Give the meaning of underemployment equilibrium. - Economics

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प्रश्न

Give the meaning of underemployment equilibrium.

What is underemployment equilibrium?

अति संक्षिप्त उत्तर
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उत्तर १

When equilibrium is attained at the level of output, income, and employment that is lesser than that of at the full employment level of equilibrium, it is said to under-employment equilibrium.

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उत्तर २

Underemployment equilibrium refers to a situation when the equilibrium level of income is at that level when some resources are unemployed or lying idle.

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