Question

‘Unemployment leads to a depressed economy.’ Justify the statement with five arguments

Answer 1

Unemployment leads to the wastage of the man-power resourcePeople who could have been gainfully employed now becomes liabilityIt increases economic overloadThus there is a general decline in the standard living conditionsthere is a feeling of hopelessness and despair among youth

Answer 2

Answer:

Unemployment leads to a depressed economy because it discourages the income of a nation. It increases the nation's economic load.

Explanation:

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.