Disguised Unemployment !!top!! -

It also hides the true health of an economy. A government might boast a 4% unemployment rate, but if 20% of its workforce has a marginal product of zero, that economy is actually functioning far below capacity. It is like a car with two cylinders firing—the engine is running, but it’s going nowhere fast.

To fully understand the concept, one must look at its defining features: disguised unemployment

The presence of disguised unemployment has severe implications for an economy: It also hides the true health of an economy

This is increasingly common in both developing and developed nations. disguised unemployment