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Explain the major characteristics of unemployment prevailing in primary sector.

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Final answer:

Unemployment in the primary sector is characterized by structural and cyclical unemployment, with unique challenges such as seasonal work patterns and mismatches between workforce skills and job requirements.

Step-by-step explanation:

Unemployment prevailing in the primary sector can be characterized by a few key attributes. The primary sector, predominantly comprised of extractive industries such as mining, agriculture, and fishing, is subject to a distinct set of economic pressures that can lead to job loss. One significant characteristic is structural unemployment, which arises when there is a mismatch between the skills possessed by workers and the needs of the industry. This can be caused by technological advancements, shifts in resources, or societal changes in demand.

Another characteristic of unemployment in the primary sector is its cyclical nature, which occurs due to changes in the economy. For example, during a recession, a drop in demand for certain primary goods can lead to layoffs. Seasonal unemployment is also common in agriculture and tourism-related segments of the primary sector, with workers being employed only during certain times of the year.

In regions with a paucity of natural resources, or where resources have been depleted or are no longer in demand, the primary sector may not provide sufficient employment opportunities, leading to high rates of unemployment. This lack of opportunities can mirror the hardships faced in regions with underdeveloped labor markets, where the availability of jobs does not meet the population's need for work. The impact of such unemployment is multifaceted, often resulting in economic stagnation, increased poverty, and social issues.

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