Question

Why unemployment is load to economy

Answer 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.

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Answer 2

Answer:

Unemployment is a load to economy because if a person is unemployed, he would be poor too . He may not have the money to buy any product . So it affects country's economy. This situation is then known by the name ' economic crises '.

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