Impact of unemployment in a country
- decline in the level of skill acquisition
- increased dependence burden
- low government revenue
- brain drainage
- low aggregate demand for goods and services
- worsen income inequality
- leads to social evils such as alcoholism
- leads to brain drain
- under utilization of resource
- low standards of living
- cause political tension/unrest
- discourage investment
- encourage rural-urban migration
CATEGORIES Economics
TAGS Dr. Bbosa Science
