What is the impact of unemployment on society discuss in detail?
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society's economy will go down rapidly.
If there is no employment the work force of a country decreases which leads to slow of the development of that country
If there is no employment the work force of a country decreases which leads to slow of the development of that country
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Unemployment, if it is high enough, can have many impacts on society. These impacts can be economic, but they can also be seen in areas like crime and the family.
The most obvious impact of unemployment is that it hurts the economy. People who are unemployed have less money to spend. They are able to buy fewer goods and services, thus making businesses less profitable. This can lead, in turn, to even more unemployment. High unemployment, then, has very negative economic impacts.
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