Question

Unemployment has detrimental impact on the overall growth of an economy explain this statement

Answer 1

This is because if people will be unemployed,then there will be no income of them.This is how there will be no contribution in the National Economy of the country.

Answer 2

Explanation:

. The detrimental impact of unemployment is as follows:

(a) Unemployment negatively impacts the economy of the country. This is because unemployment

creates a feel of hopelessness and depression among the unemployed people.

(b) Unemployment results in the wastage of human resource as people are not involved in any kind of

productive activities. This makes them a liability for the nation.

© Unemployed people are not able to support their families and educate their children. This makes the

entire family dependent on the nation, and hence, the dependence of unemployed people increases on

the working population of the country.

(d)The quality of life of an unemployed person deteriorates which also impacts the social life of a

person. This may result in people engaging in illegal activities such as theft, robbery, etc.