Question

Explain 5 disadvantages of unemployment. ​

Answer 1

Answer:

1. if you are unemployed than u are a liability for your country.

2. You can do any paper work for example in banks.

3. You can't help next generation for employment.

4. you may not get right info. for using resources equally.

5. you may shame on yourself that you dont know the answer till now :D :D

hahhhaahahahhaha

Answer 2

Answer:

Explanation:

1. Waste of resources/opportunity cost of lost potential output (PPF)
2. Less economic growth
3. Redundancies waste resources invested in training & education.
4. Hysteresis effect - Longer the person is out of work, greater the loss of skills/motivation -> less incentive to find a work, become reliant on state welfare -> rise in structural employment and natural rate of unemployment
5. Worsens Government finance - Increased benefits i.e. JSA and decreased income tax, national insurance & VAT revenue = budget DEFICIT.