Agricultural Labor Agricultural labor is a person who works on another land, does not participate in farm management and its maintenance, and receives money or a portion of the harvest in consideration for his service. He neither has any rights regarding the land nor does he have to bear any risk regarding the farm. Briefly, […]
Unemployment is a situation where people are actively looking for work but are unable to find a job. The unemployment rate is calculated as the number of unemployed people divided by the total labor force. The labor force is the number of people who are either employed or unemployed.
When the economy is in a recession, businesses often reduce their workforces to cut costs.
Technological change can lead to job losses in some industries, as innovative technologies make some jobs obsolete.
Changes in consumer demand
When consumer demand for goods and services declines, businesses may reduce their workforces to match the lower demand.
Effects of Unemployment
When people are unemployed, they often have less money to spend, which can lead to a decline in economic activity.
Unemployment can lead to poverty, as people who are unemployed may not be able to find work that pays enough to support themselves and their families.
It can also lead to social problems, such as crime, mental health problems, and family instability.
Policies to Reduce Unemployment
The government can use fiscal policy, such as tax cuts or spending increases, to stimulate the economy and create jobs.
The central bank can use monetary policy, such as interest rate changes, to stimulate the economy and create jobs.
Job training programs
The government can provide job training programs to help people develop the skills they need to find jobs.
The government can provide unemployment benefits to help people who are unemployed meet their basic needs.
Unemployment is a complex issue with no easy solutions. However, by understanding the causes and effects, we can develop policies that can help to reduce its negative impact.
The Problem of Poverty in India India is recognized as a poor country even after around 70 years of independence. Especially in the Rural Sector of India, the condition is worse. Though during the planning periods, the national income of India and the per capita income have increased, social welfare has increased, literacy level has
Meaning of Poverty Poverty refers to the social condition in which a part of the society is unable to fulfill its basic requirements. When a big portion of the population is deprived of the minimum living standard and survives only on the survival level, then it is said that poverty is widely spread in the
In ordinary language, when a person does not find any work for his livelihood, he is called unemployed and this problem is called the problem of unemployment. In other words, if a person is willing to work and physically fit, and still does not get a job to earn his livelihood, such a condition is called unemployment.