Question

Lack of industrialization for unemployment

Answer 1

CAUSES:
The causes of unemployment include increased population, rapidtechnological change, lack of education or skills and rising cost lead to financial, social and psychological problems. There are four main causes of unemployment. Firstly, the increasedpopulation which leads to higher unemployment rates.A recession has a domino effect, where increased unemployment leads to less growth and a drop in consumer spending, affecting businesses, which lay off workers due to losses. ... When an economy is facing recession, business sales and revenues decrease, which cause businesses to stop expanding.

REASONS:
Four Causes of FrictionalUnemployment. One reason for unemployment is voluntary. Some of the unemployed have saved enough money so they can quit unfulfilling jobs. They have the luxury to search until they find just the right opportunity.