Question

How does uñemployment effect the overall growth of an economy? Explain by giving 4 points.

Answer 1

1. Unemployment leads to wastage of manpower resources.
2. Unemployment leads to a great social waste because of inability of educated people who are willing to work, but cannot find gainful employment.
3. Unemployment tends to increase economic overload.
4. It leads to the general decline in health status and standard of living among the people.