13.How does unemployment affect overall growth?
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Unemployment affects the overall growth of an economy. People who are an asset for the nation turn into a liability for an organization. It leads to wastage of manpower resources. ... Increase in unemployment is an indicator of a depressed economy.
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When there is no employment there will be no cost of living, when there no cost of living in will get drastic damage. Answer: Unemployment brings down purchasing power of citizen resulting decrease in demand level in economy. This way it affect the overall growth of an economy.
If there is an unployment it the country it worsly effects the per capita income of the country and considered that country as under developed countries
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