Explain any five effects of unemployment in india.
Answers
Unemployment reduces the national
productivity. It reduces the national wealth. In some countries
some allowances are paid to unemployed. So national funds are used up.
Unemployment increases unrest. Also the expenditure on health and medicine of the unemployed is a burden.
Unemployment causes people to become thieves and terrorists.
So more vigilance, police will be required to maintain peace. Also
unemployment means there is a scope of increase in the economy if they work
too.
Unemployment shows as a bad indicator on the economy of the
country. It also shows whether the economy is progressing or not.
Unemployment shows that the economy of the country is not growing
proportional to the country's population. So modernization is required
and more investment is needed.
Unemployment means the education is not good enough for employment and
skills imparted are not enough. Also, more fields of employment are to be
explored. It also means that some important fraction of national wealth
and time and effort is getting wasted. There is a possibility
of revolution if the problem is too serious.
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Explanation:
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