"Unemployment means non-utilisation of human resource."What are its political, social and economic implications? Explain in five points.
Answers
1. An economic implication of unemployment is that potential human resource remains unemployed. This affects the country's GDP adversely and keeps the country poor.
2. The unemployed remain in an economically vulnerable condition. They remain poor or, at least, are not able to enjoy a high standard of living.
3. A social consequence is that the unemployed suffer from a feeling of not contributing to their families or societies. This can leave them depressed and make them psychologically vulnerable.
4. The unemployed can also resort to violence and other socially harmful activities because they remain idle.
5. The unemployed provide lumpen elements to political parties who can use to create political disturbance by threatening and inflicting violence on other political parties.