What is one possible effect of high unemployment in a mixed market economy?
Answers
High rate of unemployment in a mixed market economy, has a negative impact on the country’s economy and development as a whole.
It can result in brain-drain, when unemployed but highly qualified youngsters move out abroad in search of employment.
It can also result in such candidates taking up jobs, which are meant for people of lower qualification. This results in an imbalance among the workforce, job dissatisfaction and high rate of employee turnover.
She purchases the silk from an abroad provider and is liable to an assessment on imported products.
Gabriela doubtlessly lives in. a blended market economy with some administration direction.
What is one conceivable impact of high joblessness in a blended market economy.
An absence of wage will debilitate the purchasing power for some individuals.