"unemployment leads to low income and low savings and hence low demand and low products this is an identification of a depressed economy."support the statement with three arguments.
Answers
Answer:
If someone is unemployed then
It means of course he has low income because no sourse of income he has , so there is no or little saving .
And hence he has no specific sourse of income due to unemployment ,so he has low demand because he has no money to buy more and more things to fulfill all needs ,
Therefore ,
His productivity also low because he just adjust his fundamental needs.due to this he has laked in so many essential requirements of live such as may be better education or many more .
Thank you!
Answer:
Unemployment has negative effects on the economic development of a country in the following ways
1. It is a wastage of manpower resource. It increases the economic overload and the number of dependent on population.
2. The quality of life of an individual as well as the society is adversely affected. There is a feeling of hopelessness among the youth.
3. 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.