9th Class Social Science People as Resource Question Bank Long Answer Type Questions - People as Resource

  • question_answer
    How does unemployment affect the overall grow1h of an economy?

    Answer:

    Unemployment has negative affect on the economic development of a country. (a) It is a wastage of manpower resource. People turn into a liability. (b) It increases the economic overload and the number of educated population increases. (c) The quality of life of an individual as well as of society is adversely there is a feeling despair and hopelessness among the youth. (d) The period lost in unemployment is an irrecoverable loss. It is the loss of productive period and loss cannot be compensated. (e) Increase in unemployment is an indicator of a depressed economy. (f) People do not have enough money to support their family. Inability of educated people who are willing to work to find gainful employment implies a great social waste.


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