Explain in detail the disadvantages of unemployment.

1.	Explain in detail the disadvantages of unemployment.
Answer» Disadvantages of unemployment are: (i) It leads to wastage of manpower resources. It turns the population into liability for economy instead of asset. It even fills the country's youth with the feeling of hopelessness and despair. (ii) It increases the economic load. The dependence of unemployed on the working population increases. Due to unemployment that adversely affects the quality of life of an individual as well as society. (iii) It affects the overall growth of an economy. It indicates a depressed economy and wastage of resources which could have been gainfully employed.

Answer»

Disadvantages of unemployment are:

(i) It leads to wastage of manpower resources. It turns the population into liability for economy instead of asset. It even fills the country's youth with the feeling of hopelessness and despair.

(ii) It increases the economic load. The dependence of unemployed on the working population increases. Due to unemployment that adversely affects the quality of life of an individual as well as society.

(iii) It affects the overall growth of an economy. It indicates a depressed economy and wastage of resources which could have been gainfully employed.

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