explain the major factor responsible for unemployment in India in long answer
Answers
Answer:
Unemployment is a condition of the economy where the people are interested to work but not able to work. (ii) When the Population Growth rate of the nation is increasing consistently than the unemployment because a cause to work over due to increasing demand in the job and fewer working opportunity.
Explanation:
Unemployment and underemployment in India are caused by more basic structural factors such as lack of capital, use of capital-intensive technologies, lack of access to land for agricultural household, lack of infrastructure, rapid growth of population resulting in large annual increments in labour force year after year ...
These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.