Define unemployment. How does it affect
the economy ?
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Answered by
1
Answer:
High unemployment indicates the economy is operating below full capacity and is inefficient; this will lead to lower output and incomes. The unemployed are also unable to purchase as many goods, so will contribute to lower spending and lower output. A rise in unemployment can cause a negative multiplier effect.
Answered by
0
Answer:
unemployment: the students or worker who had had no work to do in government or private sector.except house builders.ect.
they affect the society with a bad name with bad name for the family
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