unemployment is an economic as well as social evil explain the statement
Answers
Unemployment is an economic and social problem. Unemployment is an economic problem in the sense that unemployed persons will be consumers only without being a producer. Non utilisation of human resources due to unemployment involves double cost of maintenance and loss of output. Unemployment is a social problem in the sense that it causes enormous sufferings to unemployed workers due to their reduced or nil income. Many social evils like dishonesty, immorality, drink¬ing, gambling, robbery, etc are the outcome of unemployment. It causes social disruption in the society and the government has to incur a heavy unproductive expenditure on law and order.
Unemployment, nowadays, has become one of the most serious problems for the country. The people of the society are deprived of essential goods and services that the jobless people could have produced. This is a general problem in India since centuries but now, it has grown a serious and major concern due to the fact that educated people in India are also facing this problem of unemployment. Unemployment is not just an economic evil but it is also a social problem. For an economy, it creates a barrier in the way to development and in its social context, it spreads social unrest and anxiety as unemployed people are a frustrated group of the society.