Unemployment: Causes, Effects, and Strategies to Overcome

UNEMPLOYNMENT
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Critically analysis of unemployment...........................................................................................3
CONCLUSION................................................................................................................................6
REFRNCES.....................................................................................................................................6
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INTRODUCTION
Unemployment is major problem related with macro economics; it is a situation in which willing
people cannot find out job. In order to understand the concept of unemployment this report has
been prepared, in which meaning of unemployment, main causes of this problem has been
defined. This report also included the effect of unemployment on economy and theories
developed regarding unemployment as well as this reports also included the way and policies
through which government can control the problem of unemployment in brief manner.
TASK 1
Critically analysis of unemployment
Meaning of unemployment: This term refers as a situation or condition in which a willing
individual not able to find job. It includes both educated and uneducated personals.
Unemployment, is a phenomenon which occurs when a person who s actively searching for
employment is unable to find workout is one the biggest issue since developed of economies.
People did not find out their ideal job and they are not happy for the position even they get job. It
is the issue related with macro economics(Heid. and Larch 2016).
Causes of unemployment: There will be many reasons why world suffers from the problem of
unemployment. The issue is arises from demand as well as supply side. From the side of demand
unemployment issue arises due to give rate of interests, global recessions and lack of monetary
resource. The other side frictional, mismatch of skills, geographical immobility are main cause’s
unemployment.
Increase of population: This is the main reason of increasing rate of unemployment, due to
higher population the demand of jobs is increase but there will b no sufficing numbers of jobs are
available to fulfil demand of pubic thus higher population countries specially, China, India,
Pakistan suffers from this problem.
Changes in technology: Due to changes of time, the technologies also changes and things were
made by ands is now made with the uses of machines and technical divides thus many
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