Economy, asked by chouhanmanish335, 19 days ago

Unemployment and poverty are reflections of each other.”- Defend or refute with reason.​

Answers

Answered by sarahssynergy
1

The given statement is true. Unemployment leads to poverty and poverty leads to unemployment.

Explanation:

  • Unemployment and poverty are reflections of each other.
  • When there is poverty in an economy, unemployment is an underlying condition.
  • In fact, unemployment is one of the major causes of poverty.
  • Similarly, when there is poverty, people cannot work on their skills due to which they remain unemployed.
  • The loop continues. Therefore unemployment and poverty cannot be ended if either of them continues to exist.
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