How can unemployment lead to under utilization of man power in a country?
Mention three points
Answers
Explanation:
Unemployment generates no resource and in this way, manpower gets converted into a liability in spite of the asset. Unemployment affects the overall growth of development. It develops despair and hopelessness among youth. In this way, unemployment increases and makes the economy depressed.
(i) Unemployment leads to wastage of manpower resources.
(ii) People who are an asset for the economy turn into a liability.
(iii) There is a feeling of hopelessness and despair among the youth.
(iv) People do not have enough money to support their family. Inability of educated people who are willing to work, to find gainful employment, implies a great social waste.
(v) Unemployment tends to increase the economic overload.
(vi) When a family has to live on bare subsistence levels, there is a general decline in its health status and a rising withdrawal from the school system.