unemployment means non utilisation of human resourse. what are its political ,social and economic implication ? explain in five points
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Social Effects
LEDC's - Pressure on land as more people move in. Conflicts of cultures from migrants can lead to civil wars. Pressure on medical systems and schools.
MEDC's - Lack of skilled workers due to ageing populations. Pressure on medical system.
Economic Effects
LEDC's - Lack of money for services due to strain on government
MEDC's - Fewer people to work so higher taxes need to be paid to cover costs of pensions and medical care.
Political Effects
LEDC's - Government are not able to finance growing population or provide work for them so informal sector becomes dominant
MEDC's - Government forced to charge people more taxes to cover growing costs of an elderly population
LEDC's - Pressure on land as more people move in. Conflicts of cultures from migrants can lead to civil wars. Pressure on medical systems and schools.
MEDC's - Lack of skilled workers due to ageing populations. Pressure on medical system.
Economic Effects
LEDC's - Lack of money for services due to strain on government
MEDC's - Fewer people to work so higher taxes need to be paid to cover costs of pensions and medical care.
Political Effects
LEDC's - Government are not able to finance growing population or provide work for them so informal sector becomes dominant
MEDC's - Government forced to charge people more taxes to cover growing costs of an elderly population
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