Question

Unemployment has an determental impact on overall growth of an economy ? Explain the statement

Answer 1

Unemployment has an determental impact on overall growth of an economy. If there will be more unemployed people in a country it will effect the Gross Margin of the country. The government is spending money on the people so, that people can contribute for the economic growth of the country. But,if there will be unemployment how the economic condition of a country can develop.