Explain some strange made by the government to solve the problem Of unemployment in India
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Policies for reducing unemployment
Monetary policy – cutting interest rates to boost Aggregate Demand (AD)
Fiscal policy – cutting taxes to boost AD.
Education and training to help reduce structural unemployment.
Geographical subsidies to encourage firms to invest in depressed areas.
Lower minimum wage to reduce real wage unemployment
Monetary policy – cutting interest rates to boost Aggregate Demand (AD)
Fiscal policy – cutting taxes to boost AD.
Education and training to help reduce structural unemployment.
Geographical subsidies to encourage firms to invest in depressed areas.
Lower minimum wage to reduce real wage unemployment
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