It is also known as visible pr open unemployment. It refers to a situation when people who are able and willing to work but there is no work for them due to excess of labour force in relation to demand for labour. It is found in rural as well as in urban areas.
It is a type of unemployment where a person is fit to work but not willing to work. This is not really unemployment it is idleness. It is more of psychological problem than an economic problem eg- rich people who are not ready to work or beggars who refuse to work or educated people waiting for white collared job.
It is a situation where a persons capacity to work is under utilised, may be in respect of time , energy or education. Eg- a post garduate working as a watchman or a person who is ready or willing to do job gets a part time job.
It refers to employment of all those who are willing and able to work get job at prevailing wage rate. This is a state of economy where all productive resources like land, labour and capital are fully employed at current wage rate.