Question

Mention any three effects of unemployment ​

Answer 1

Answer:

(i) Unemployment is said to exist when people who are willing to work at the going wages, cannot find jobs. So, unemployment leads to wastage of manpower resource.

(i) Unemployment is said to exist when people who are willing to work at the going wages, cannot find jobs. So, unemployment leads to wastage of manpower resource. (ii) People who are an asset for the economy, turn into a liability.

(i) Unemployment is said to exist when people who are willing to work at the going wages, cannot find jobs. So, unemployment leads to wastage of manpower resource. (ii) People who are an asset for the economy, turn into a liability. (iii) There is a feeling of hopelessness and despair among the youth.