“Unemployment leads to low income and low savings and hence low demand and low production. This is the identification of a depressed economy”. Support the statement with suitable arguments.
Answers
Answer: “Unemployment leads to low income and low savings and hence low demand and low production. This is the identification of a depressed economy.” Support the statement with three arguments. It is a wastage of manpower resource. ... The time period lost in the unemployment is an irrecoverable loss.
Explanation:
Answer:
Unemployment has negative effects on the economic development of a country in the following ways It is a wastage of manpower resource. It increases the economic overload and the number of dependent on population. The quality of life of an individual as well as the society is adversely affected. There is a feeling of hopelessness among the youth. The time period lost in the unemployment is an irrecoverable loss. It is the loss of productive period and the loss can not be compensated. Thus, increase in unemployment is an indicator of a depressed economy.