what is impact of unemployment on the people, society and economic?
Answers
Answered by
1
Answer:
High unemployment indicates the economy is operating below full capacity and is inefficient; this will lead to lower output and incomes. The unemployed are also unable to purchase as many goods, so will contribute to lower spending and lower output. A rise in unemployment can cause a negative multiplier effect.
Answered by
2
The personal and social costs of unemployment includes servere financial hardship, and poverty, debt, homelessness, and housing stress, family tension, breakdown, boredom, alienation, shame and stigma, increases social isolation , crime, and self-esteem the atrophying of works skills and ill health
Hope you like the answer and plszz mark as brainlist answer plszz and I hope you can understand what I had written
Similar questions