10 points on unemployment
Answers
Answer:
1) Unemployment is a curse to the society which slows the economic growth of a country.
2) It not only affects individual but also affects society and the nation.
3) Unemployment is a situation when a person does not have a paid job and seeking one.
4) Unemployment mostly occurs to a certain age group of 15-18 or 60-65 years.
5) Rapid growth of population is one of the leading factors of unemployment.
6) Slow economic growth also leads a country towards unemployment.
7) Slow growth in industrial sector is also one of the factors responsible for unemployment.
8) Unemployment leads to increase in poverty and hampers economic growth.
9) Due to unemployment the misguided youth might also indulge themselves in criminal activities.
10) Many employers also take undue advantage of labor force due to scarcity of jobs in country.
Answer:
unemployment is when persons above a specified age (usually above 15) are not in paid employment or self-employment and are currently available for work during the reference period.
Unemployment is measured by the unemployment rate as the number of persons who are unemployed as a percentage of the labour force (the total number of people employed plus unemployed).[3]
Unemployment and the status of the economy can be influenced by a country through for example fiscal policy.
In addition to theories of unemployment, there are a few categorizations of unemployment that are used to more precisely model the effects of unemployment within the economic system.
Structural unemployment focuses on foundational problems in the economy and inefficiencies inherent in labor markets, including a mismatch between the supply and demand of laborers with necessary skill sets.
Structural arguments emphasize causes and solutions related to disruptive