Question

What are the effects of unemployment. Write any four points​

Answer 1

Unemployment is said to exist when people who are willing to work at the going wages, cannot find jobs. So, unemployment leads to wastage of manpower resource.

(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.