how will you explain the term unemployment ?
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Explanation:
Unemployment occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.
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Answer: Unemployment is said to exist when people who are willing to work at the going wages cannot find jobs. Unemployment deeds to wastage of Manpower resource. People who are an asset for the economy turn into a liability. There is a feeling of hopelessness and despair among the youth.
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