Question

How does unemployment affect the overall growth of an economy explain by giving four points?

Answer 1

Unemployment affects the overall growth of an economy.

• People who are an asset for the nation turn into a liability for an organization.
• It leads to wastage of manpower resources.
• It tends to increase economic overload.
• Increase in unemployment is an indicator of a depressed economy.

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Answer 2

Explanation:

Unemployment negatively impacts the economy of the country. This is because unemployment creates a feel of hopelessness and depression among the unemployed people. ... Increasing trends towards unemployment is an indicator of a depressed economy where most of its human resource is not engaged in any productive activity