Question

explain any five effect of unemployment on the overall growth of the economy?

Answer 1

---It leds to poverty that affect the growth of a country
---It causes exploaitation of labour..as most industries are dependent on labour so it directly affect the economy
---It causes social problems like gambling and dishonesty
---It creates health issues to the people like depression and low self esteem
---It leds to loss of human resources

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Answer 2

Answer:

Explanation:

Any five effects of unemployment on the overall growth of the economy are:-

1) It blocks the growth rate of the economy.

2) It creates a more poor section of the society in the economy which becomes a burden.

3) Due to the unemployment, consumption, and demand falls which leads to a lack of investment and further falls in the growth.

4) It leads to social issues where the unemployed youth become more of a liability than an asset for the economy.

5) It creates a vicious circle of depressed environment where economic growth becomes difficult to achieve.

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