Step 1: Understanding the concept.
Unemployment occurs when people willing to work cannot find jobs.
When employment depends on seasonal demand and workers are unemployed in off-season, it is termed as seasonal unemployment.
Step 2: Example.
Agriculture, sugar industry, and other crop-based industries are prone to seasonal unemployment.
For instance, farm workers may not find jobs outside the sowing and harvesting season.
Step 3: Analysis of options.
- (1) Cyclical Unemployment: Due to business cycle recessions, not season-based.
- (2) Technological Employment: Incorrect option, as unemployment can occur due to new technology replacing workers.
- (3) Frictional Unemployment: Due to time gap when workers change jobs.
- (4) Seasonal Unemployment: Correct, caused by season-bound work.
Step 4: Conclusion.
Thus, season-bound unemployment is called Seasonal Unemployment.