Question

state the means to eradicate the unemployment ​

Answer 1

Answer:

Decentralisation of Industrial activity is necessary to reduce unemployment. If industrial activities are centralised at one place, there will be less employment opportunities in the under developed areas. So Govt. should adopt such policies which encourage decentralisation of industrial activity.

Answer 2

The means to eradicate the unemployment ​

Explanation:

• Reducing repo rate so that purchasing power of common man will increase, which in turn will boost demand and thus companies go for more recruitment.
• Investment in Infrastructure.
• Promoting capitalism, entrepreneurship and reducing participation of govt in business.
• Inviting more investments in all sectors of economy.
• It is advised that for keeping employment growth rate positive, Govt should control rate of Inflation at 4-6%. So that a healthy demand is generated and so does jobs.

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