Question

1. “Unemployment has a detrimental impact on the

overall growth of an economy”. Justify the

statement with any five reasons.

Please answer this question by 6th August . Do not copy paste answers from Google. Please try to answer from NCERT Textbook.​

Answer 1

Answer:

The impact of unemployment on an economy is,

• Unemployment negatively impacts the economy of the country. This is because unemployment creates a feel of hopelessness and depression among the unemployed people.

• Unemployment results in the wastage of human resource as people are not involved in any kind of productive activities. This makes them a liability for the nation.

• Unemployed people are not able to support their families and educate their children. This makes the entire family dependent on the nation, and hence, the dependence of unemployed people increases on the working population of the country.

• The quality of life of an unemployed person deteriorates which also impacts the social life of a person. This may result in people engaging in illegal activities such as theft, robbery, etc.

• Increasing trends towards unemployment is an indicator of a depressed economy where most of its human resource is not engaged in any productive activity.

I hope this is helpful!!!

Sorry, I was not able to refer the NCERT book.

Answer 2

Answer:

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Explanation: