Question

16. Which are the personal factors of
unemployment?​

Answer 1

Answer:

Job creation and unemployment are affected by factors such as aggregate demand, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage rates.

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Answer 2

Answer:

Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. From the demand side, it may be caused by high interest rates, global recession, and financial crisis.

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