State the effect of unemployment.
Answers
Unemployment is a serious and complex problem before the Indian economy. Its (adverse) effects are as follows:
↠Unemployment is the root cause of poverty in India. When there is no employment, there is no income and when there is no income there is poverty and hardship for the poor.
↠Unemployment leads to poverty and poverty leads to low standard of living. The unemployed poor live in slums, suffer malnutrition, starvation, diseases and early death.
↠The failure to find employment make theeducated and intelligent young people to migrate to other countries. The brain-drain is a major loss due to inadequate employment opportunities.
↠The illiterate and semi-literate unemployed youth is lured by the criminals to indulge in anti social activities.
↠A new problem of suicide by the farmers has emerged in recent times in some parts of India as the poor farmer has neither money nor job to repay the loans.
hope it helps you✌
Answer:
The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health ..