Question

Explain the consequences of unemployment on individual society and nation

Answer 1

Answer:

Individuals may become dispirited by unemployment and lose their self-esteem and confidence. This may affect their motivation to work. ... Areas of high unemployment and social deprivation may also experience higher crime levels, suicide rates and psychological problems.

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Answer 2

Explanation:

: Discuss possible economic consequences of

unemployment, including:

a loss of GDP,

loss of tax revenue,

increased cost of unemployment benefits,

loss of income for individuals, and

greater disparities in the distribution of income.

The main cost of unemployment is a personal one to those who are unemployed, however, the whole economy suffers also.

Syllabus: Discuss possible personal and social consequences of unemployment, including

increased crime rates,

increased stress levels,

increased indebtedness,

homelessness and

family breakdown.