Question

"Unemployment has a detrimental impact on the overall growth of an economy." Justify the statement.

Answer 1

Answer:

Explanation:

Answer:Detrimental effects of unemployment over economy :

• Leads to wastage of manpower resources,

• Tends to increase economic overload.

• The dependence of the unemployed on working population increases.

• Quality of life adversely affected.

• Unemployed turns into a liability.

• There is feeling of hopelessness and despair among youth.

Answer 2

Unemployment has a detrimental impact on the overall growth of an economy.

Explanation:

• Unemployment symbolizes the economy is operating inefficiently, and this leads to lower production and incomes.
• A rise in unemployment can cause a negative effect.
• The unemployed are unable to buy goods, that will add to lower spending and less output.
• Extended periods without jobs can push families into debt and push them towards poverty.

Learn More:

write short note, disguised unemployment, seasonal unemployment, structural unemployment, educated unemployment, technical unemployment.

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