Question

If resources are scarce, how do you explain massive unemployment in India?​

Answer 1

Explanation:

In India, there is plenty of human resource prevailing in the form of unemployed people, but there are not enough physical resources present in India to use the prevailing human resources. Hence, resources are always scarce even though there is a plenty of human resource in Indian economy..

Answer 2

Scarce resources leads to hunger, exploitation and increase in unemployment and labour.

Explanation:

• The factors of production are land, capital and labour. The resources can be categorized as land and capital that is scarce due to the both are interdependent each other.  

• Lack of jobs leads to a shortage of capital to buy food which again leads to unemployment. Labour is need for setting up of industry and if the country lacks resources the labour will remain unutilized hence leading to unemployment.

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• brainly.in/question/18522180 answered by heeraskaushik.