Class 12 Economics Notes · GSEB
Meaning and Measurement of Unemployment
Meaning and Measurement of Unemployment — defines unemployment, separates voluntary from compulsory, and explains the four Raj Krishna measuring rods. GSEB Class 12 Commerce Economics notes with a definition box, an active-workforce band and a four-lens measurement stepper.
Written by Sahil, Commerce Educator · Reviewed by the Study Simplify editorial team · Last updated: 30 Oct 2026
Notes
Meaning and Measurement of Unemployment
Learn Pigou's definition, the difference between voluntary and involuntary unemployment, the 15–64 active workforce and the Raj Krishna committee's four measures. GSEB Class 12 Commerce Economics notes.