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Describe the detrimental effect of increasing unemployment on economic growth.
Or
Explain any five effects of unemployment in India.
Or
Evaluate the impact of unemployment on the overall growth of an economy.
Or
“Unemployment leads to a depressed economy.” Justify the statement with five arguments.
Or
State any five effects of unemployment.
Or
“Unemployment leads to wastage of manpower resource.“ Justify the statement with suitable examples.
Points to remember
- Unemployment leads to the wastage of manpower resources .
- There is also a feeling of hopelessness and despair among the youth.
- The inability of educated people who are willing to work to find gainful employment implies a great social waste .
- Unemployment increases economic overload.
- This affects the quality of life of an individual as well as of society .
- When a family has to live on a bare subsistence level there is a general decline in its health status and rising withdrawal from the school system.
- Hence, unemployment hurts the overall growth of an economy .
- An increase in unemployment is an indicator of a depressed economy .
Answer to be written
- Unemployment leads to the wastage of manpower resources . People who should be an asset to the economy become liabilities .
- There is also a feeling of hopelessness and despair among the youth because they do not have enough money to support their families.
- The inability of educated people who are willing to work to find gainful employment implies a great social waste .
- Unemployment increases economic overload because of the dependence of the unemployed on the working population increases .
- This affects the quality of life of an individual as well as of society .
- When a family has to live on a bare subsistence level there is a general decline in its health status and rising withdrawal from the school system.
- Hence, unemployment hurts the overall growth of an economy .
- An increase in unemployment is an indicator of a depressed economy .
(Any Five)
