myz-vgb.ru A Business Encyclopedia

Seasonal Unemployment

Definition: The Seasonal Unemployment means the demand for a specific kind of work and workers change with the change in the season. Simply, the period when the demand for the manpower as well as the capital stock reduces because of a decreased demand in the economy at a particular point in time in a year causes the seasonal unemployment.

The seasonal unemployment is prevalent in those industries which are engaged in seasonal production activities. Such as agricultural industry wherein the demand for workers is more during harvesting than is required in other months in a year. Similarly, in the case of a hotel industry, the demand for the catering staff as well as the housekeeping staff is more during the peak season as compared to the demand in the off-season.

The seasonal unemployment means not only the under-utilization of manpower but also the resources used in the production. Such as the demand for woolen clothes will be more in winters than the other seasons and hence the need for the capital resources and the manpower in the textile industry will be more during this period.

The seasonal unemployment is more or less predictable as it is known with certainty the time period during which the demand for the commodity changes. It is a form of structural unemployment wherein the economy structure changes in accordance with the change in the season, and hence the demand for the manpower varies accordingly.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares

Related pages


nsc withdrawal before maturitypaired comparison methodapprenticeship program definitionmodern organisation theorydefinition of buying behavioroligopoly definition and characteristicswhat is delphi method of demand forecastingmanagerial grid theory of leadershipthe employees provident funds scheme 1952 account balancemanagement by henri fayolmicro environment factors in marketinggate examssegmentation basesdefine whistleblowing policydelegating dutiescyclical unemployment definition and examplespolycentric staffing policymoratorium on loanvertical mergers definitiondivestiture defethnocentrism meaning in urdudefine intrapreneurshipfactoring definition in financethe meaning of laissez fairejudgmental samplingdividend capitalization modelmeaning of external recruitmentdistinguish between explicit and implicit costmeaning of debentures in financequantitative market research examplessealed bid pricing definitionmeaning chitkanban binunemployed definition economicsleveraged funds meaningqueing theorymeaning of ethnocentrismfrank knight uncertaintypiecework pay definitionstatistical sampling planslaissez faire leadership definitionsources of internal and external financeinelastic products listansoffexplain aptitude testlaw of equi marginal utility definitionsignificance of elasticity of demandcyclically unemploymentfeatures of monopolisticpostal recurring depositprofibility indexwhat are decision variables in linear programmingwhat is trait theorydefine bureaucratic theorytypes of communication in hindistratification defvroom's expectancy modelshrm definitionjaharis windowdefinition of parachutesales and marketing systems definitionpavlov classical conditioningsorting meaning in hindidifferent forms of corporate restructuringfactors influencing consumer behaviourcomponents of a modern marketing information systemwhat is scrap value in depreciationtakeover definepoach meaningwhat is the definition of a whistleblowervalence expectancy theoryoligopoly market meaning