What DO you mean by unemployment? Explain its three causes .
Answers
Unemployment is the situation of actively looking for employment, but not being currently employed.
CAUSES,
Globalisation leads to changes in the patterns of trade between countries. Britain has probably now lost forever a cost advantage in manufacturing goods such as motor cars, household goods and audio-visual goods, UK manufacturing industry has lost jobs as some production has shifted to lower-cost centres in Eastern Europe and countries in Far East Asia.
Many of these workers may suffer from a period of structural unemployment, particularly if they are in regions of above-average unemployment rates where job opportunities are scarce.
Unemployment means lack of job or and the people who have no job are called unemployed
Three causes are as follows
Increasing Population and less jobs
Education