How is unemployment an obstacle to economic growth?Explain.
Answers
Answered by
16
Answer:
The rate of unemployment is different for the economy of different countries. In the developed country, the economy is good even though the rate of unemployment is high since citizens are self-employed. Due to the unemployment, government suffers the borrowing effect that means lower consumption rate and productivity.
Answered by
9
Answer:
The rate of unemployment is different for the economy of different countries. In the developed country, the economy is good even though the rate of unemployment is high since citizens are self-employed. ... Due to the unemployment, government suffers the borrowing effect that means lower consumption rate and productivity.
Similar questions