Question

Define unemployment ? what are the effect of unemployment

Answer 1

people who do not have a job

.When people are unemployed in large numbers, it hurts the rest of the economy, creating a cyclical problem. When people have less money to spend because of unemployment, other companies suffer from less consumer demand. ... The cyclical effect of unemployment is the reason for government-issued economic stimulus packages.

Answer 2

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$<b>$ When people are willing to work but cannot find the work or job is known as Unemployment.

The effects of unemployment are:

* Leads to wastage of manpower.

* There is a feeling of hopelessness.

* People donot get money to support their family.

* Increase economic overload.

* Quality of life affected.

* Have impact on overload growth of the country.

* Waste of resources.

* Dependence on working people increases.

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