Question

Name four contributory factors of unemployment locally and globally

Answer 1

Answer:-

Some of the top causes of poverty around the world :

1. Inadequate access to clean water and nutritious food.
2. Little or no access to livelihoods or jobs.
3. Conflict.
4. Inequality.
5. Poor education.
6. Climate change.
7. Lack of infrastructure.
8. Limited capacity of the government.

||MrCuteKing||

Answer 2

Poor education and training, labour demand - supply mismatch, general lack of interest for entrepreneurship and slow economic growth are the four contributory factors of unemployment locally and globally.

Explanation:

• Poor education and training: Jobs are being lost due to a lack of knowledge and productivity. Unemployment rises in lockstep with lower educational levels and the educational system is failing to produce the necessary skills for the labour market.
• Labour demand - supply mismatch: The growth in the number of job searchers throughout time has had an impact on labour supply.  Furthermore, the population is a young population, with more people reaching working age than there are jobs available in the labour market.
• General lack of interest for entrepreneurship: Despite several government measures to promote entrepreneurship, the entrepreneurial activity is low.
• Slow economic growth: Over the years, the economy has grown slowly with relatively moderate employment growth. Job creation has been hampered by the slow pace of economic expansion.