Question

State 5 difference between unemployment and poverty

Answer 1

Answer:

Explanation:

Unemployment is being able and willing and of age to work, yet somehow not having a job despite trying to get one and usually through no fault of their own. Poverty is lacking, temporarily or permanently, the essential means of survival: food, clothing, shelter, a job, schooling.

Once individuals are unemployed, the risk of falling into long-term unemployment rises. It's been found that the characteristics of living in poor neighborhoods create a poverty trap as families don't have the necessary tools to become employed. ... These outcomes reduce an individual's chances of finding employment again.

Answer 2

Unemployment:

• Those who are willing and able to work but are unable to obtain a job are said to be unemployed.
• Many reasons, including economic recession, technological improvements, and shifts in consumer demand, can contribute to unemployment.
• The percentage of the workforce that is now jobless is a common way to assess unemployment.
• Financial troubles, a loss of self-esteem, and a feeling of social isolation can all be brought on by unemployment.
• Programs to create jobs, education and training initiatives, and regulations supporting economic expansion are possible strategies to combat unemployment.

Poverty:

• Lack of resources, including money, housing, and health care, can lead to a low standard of living is called poverty.
• Lack of access to education, career options, low pay, and prejudice can all contribute to poverty.
• The percentage of people who earn less than a predetermined threshold is used to quantify poverty.
• Lack of education, poor health, and few possibilities for personal and professional growth can all be consequences of poverty.
• Social welfare programmes, easy access to healthcare and education, and laws that support income equality are all examples of ways to combat poverty.

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