"unemployment adversely affects a country's economy? "support the statement with suitable examples .
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effects of unemployment on the countries economy are as follows:
- a loss of GDP
- loss of tax revenue
- increased cost of unemployment benefits
- loss of income for individuals
- greater disparities in the distribution of income.
causes of unemployment are mentioned below
causes are increased population, rapid technological change, lack of education or skills and rising cost. The various effects of unemployment include financial, social and psychological problems.
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