Question

Costs of unemployment​

Answer 1

Answer:

Loss of earnings to the unemployed. Unemployment is one of the biggest causes of poverty in the UK. Prolonged periods of unemployment can push households into debt and increase rates of relative poverty.

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Explanation:

The economic and social costs of unemployment include

Personal costs to unemployed (lost income, loss of sense of value, lower on-the-job training)

Costs to government (lost tax revenue and higher benefit spending)

Costs to society in general (social problems, alienation, lost GDP).

Answer 2

Answer:

If you want in brief you can refer to the diagram and if you want in detail the above attachment may help you

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