Write an essay on the topic "Unemployment" in about 150 words.
Answers
Answer:
Explanation:
Unemployment refers to a situation in which a skilled and talented people wanted to do a job. But cannot find a proper job due to several reasons.
Now we know what is unemployment but unemployment does not only mean that the person does not have a job. Likewise, unemployment also includes people working in areas out of their expertise.
The various types of unemployment include disguised unemployment, seasonal unemployment, open unemployment, technological unemployment, structural unemployment. Besides, some other unemployment is cyclic unemployment, educated unemployment, underemployment, frictional unemployment, chronic unemployment, and casual unemployment.
Above all, seasonal unemployment, under unemployment, and disguised unemployment are the most common unemployment that is found in India.
In a country like India, there is much reason for a large section of the population for being unemployed. Some of these factors are population growth, slow economic growth, seasonal occupation, slow growth of the economic sector, and fall in the cottage industry.
The government has taken the problem very seriously and have taken measures to slowly reduce unemployment. Some of these schemes includes IRDP (Integrated Rural Development Programme), DPAP (Drought Prone Area Programme), Jawahar Rozgar Yojana, Employment Assurance Scheme, NRY (Nehru Rozgar Yojana), Training for self-Employment, PMIUPEP (Prime Minister’s Integrated Urban Poverty Eradication Program), employment exchange, Employment Guarantee Scheme, development of organized sector, small and cottage industries, employment in forging countries, and Jawahar Gram Samridhi Yojana and few more.
To conclude, we can say that the problem of unemployment in India has reached a critical stage. But, now the government and local authorities have taken the problem seriously and working on it to reduce unemployment. Also, to completely solve the issue of unemployment we have to tackle the main issue of unemployment that is the vast population of India.
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Answer:
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Unemployment:
Unemployment generally defined as the number of persons (It is the percentage of labor force depends on the population of the country) who are willing to work for the current wage rates in society but not employed currently. Unemployment reduces the long run growth potential of the economy. When the situation arises where there are more other resources for the production and no man power leads to wastage of economic resources and lost output of goods and services and this has a great impact on government expenditure directly (Clark, 2003).
High unemployment causes less consumption of goods and services and less tax payments results in higher government borrowing requirements. The impact of the unemployment is seen with the individuals and household curtailing the consumption drastically to meet financial obligation and factors like this have adverse impact on the whole economy. It also reduces the output of goods and services which could have produced by unemployed labor force. An economy is producing substantially below its potential if unemployment rate is extremely high, thus everybody in the society loses by consuming and enjoying less because less is produced for distribution.
Many economists (Anderson, 2006) have done research studies to alleviate this problem and to find solutions. In this study we will discuss about the causes for unemployment, challenges to government and individuals to alleviate this problem. This report gives you the overview of the social effects of unemployment and the challenges ahead for the situation.
Moreover, the effects of unemployment are social, too, not just economic. Frequently, crime rates rise as people are unable to meet their needs through work. Divorce rates often rise because people cannot solve their financial problems. The rate of homelessness rises, as do the rates for mental and physical illness. Homes are foreclosed upon or abandoned, and neighbourhoods deteriorate as a result. When there is high unemployment, people pay less in income taxes and also pay less in sales taxes because they purchase fewer goods and services.
As such unemployment is not a good thing for anyone in our society, and even the people who remain employed will suffer as a result (www.economywatch.com). The study will enable the governments to take initiatives to increase the productivity for overall development and reduction in unemployment. The study of unemployment will provide a comparative data between public and private sector. It also gives indication of under employment in private and public sectors. These factors become basis for the formulation of the monetary policies of the country for the future years.
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