Question

How does unemployment affect the overall growth of economy?

Answer 1

Answer:

Unemployment affects the overall growth of an economy as (i) it is a wastage of manpower resource. (ii) it increases the economic overload. (iii) it tends to increase the number of dependent population. (iv) increase in unemployment is an indicator of a depressed economy.

Answer 2

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Unemployment affects the overall development of an economy because (i) it is a waste of manpower resource. (ii) It increases economic surcharge. (iii) It increases the number of dependent population. (iv) Increase in unemployment is an indicator of a suppressed economy

Explanation:

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