Question

unemployment leads to a depressed economy justify the statement with five arguments. plz answer its 5 mark question

Answer 1

1. The investments made on the person in the form of education and health goes in vain.
2. The economic overload increases not only on the individual but also on the society when unemployment exists.
3. It also wastes the human resources which could have been gainfully employed.
4. The individual is mentally affected and cannot take care of his family.
5. The earning of the individual determines the economic status of that person, but if that person is unemployed, he or she has an economic status of value zero.

Cheers!!

Answer 2

Answer:

The following arguments justifies that unemployment leads to a depressed economy:

• We invest in education and health of the population of the country to transform them into an asset. But all these efforts go in vain if the population of the country is not getting utilized efficiently.

• The contribution to the economy which can be made by employed people gets cancelled.

• It is a wastage of human resource and human capital.

• It increases the economic overload of the country.

• It increases poverty and makes the standard of living low as unemployed people have to adjust themselves to little earnings.