Discuss how the declining provincial economic sectors has negatively impacted on increasing unemployment
Hint: you must discuss why each sector demonstrates declining trends in employment
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tractor demonstrates declining trends in employment
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Declining provincial economic sectors and their negative impacts on employment:
- As there is a decline in the overall output, the affordability of running the machinery decreases along with it.
- This decreased affordability makes the employers look for every possible cut that can be made to the expenses to bring the businesses back into profit.
- These cuts also include cuts in the number of employees. Thus, the rate of unemployment in declining provincial economies is very high.
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Difference between public sector and private sector of an economy with exmpes
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