Unemployment
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This document defines unemployment and discusses its causes, effects, and types. It states that the main causes of unemployment include a defective investment system, technology, poverty, education systems, slow economic development, high population growth, and lack of opportunities. The effects are mental stress, low self-esteem, political issues, crime, loss of skills, suicide, and increased poverty. There are four types of unemployment: frictional due to job transitions, seasonal in industries like farming, structural from long-term market changes, and regional when structural impacts local areas.
Unemployment
- 5. Causes of unemployment: ?Defective investment system ?Technologycal ?Poverty ?Defective system of education ?Slow progress of economic development ?High population growth ?Absence of employment opportunities
- 6. Effects of unemployment ?Mentel stress ?Loss of self esteem ?Political issues ?Crime and violence ?Loss of skill usage ?Suicide cases ?Increase in poverty
- 8. Frictional unemployment: Frictional unemployment, also called search unemployment, occurs when workers lose their current job and are in the process of finding another one.
- 9. Seasonal unemployment Seasonal unemployment exists because certain industries only produce or distribute their products at certain times of the year.f0r example,farming,tourism and construction.
- 10. Structural unemployment occurs when certain industries decline because of long term changes in market conditions.
- 11. Regional unemployment When structural unemployment affects local areas of an economy, it is called ¡®regional¡¯ unemployment.