Underemployment, Removable Surplus and the Saving Fund

The concepts of 'full' and 'under employment acquired prominence in economic analysis with the advent of Keynesian Economics and soon the concept of 'disguised unemploymeat joined their rank. By fusion the concept of 'disguised underemploymesf was evolved to analyse the eeonomie situation in the underdeveloped . Since ihe l940's it has been one of the corner-stones of the theory of economic development of these areas.