Economy, asked by akshityadav7112, 7 months ago

Unemployment led to a depressed economy”.Justify the statement with three arguments

Answers

Answered by arpitsheokand
6

Explanation:

Unemployment leads to wastage of manpower resources.

(ii) People who are an asset for the economy turn into a liability.

(iii) There is a feeling of hopelessness and despair among the youth.

(iv) People do not have enough money to support their family. Inability of educated people who are willing to work, to find gainful employment, implies a great social waste.

(v) Unemployment tends to increase the economic overload.

(vi) When a family has to live on bare subsistence levels, there is a general decline in its health status and a rising withdrawal from the school system.

Answered by yashika1951
7

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☞Unemployment led to a depressed economy has following arguments...

Unemployment negatively impacts the economy of the country. This is because unemployment creates a feel of hopelessness and depression among the unemployed people.

Unemployment results in the wastage of human resource as people are not involved in any kind of productive activities. This makes them a liability for the nation.

Unemployed people are not able to support their families and educate their children. This makes the entire family dependent on the nation, and hence, the dependence of unemployed people increases on the working population of the country.

The quality of life of an unemployed person deteriorates which also impacts the social life of a person...

Explanation:

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