"unemployment leads to low income and no savings hence low demand and low production this is identification of depressed economy."support this statement with three arguments .
Answers
Explanation:
low income leads to a low standard of the living and in this condition of person cant develop devrlopment at unit level that is individual leads to National Development economic And health low wages result in low consumption and hence low production the economic development of a country largely depends on its secondary sector if wages are favourable then the people can think about their health conditions and healthy person can ofcourse work more efficiently than an unhealthy one
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.