Question

Unemployment leads to low income and savings .Hence low demand .This is an identification of depressed economy .Justify the statement

Answer 1

Unemployment causes low standard of living which results in low income.

Due to less income most of the income is spent on consumption and thus there is low savings.

Due to less savings there is low purchasing power so is low demand.

We can see that every aspect is interlinked with each other and this is the case of depressed economy.

Answer 2

Answer:

yes the above answer is right copy that one guys

ok welcome