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Why is unemployment considered a major problem in the economy or macroeconomics?
Wiki User
∙ 13y ago
Unemployment is the main cause of poverty. Even in poor countries, when everyone is employed it usually means that there is an equality of opportunity to work by the free availability of the land and capital. However, when either of these two factors of production are limited or stopped, unemployment will result along with poverty.
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Since macroeconomics deals with how governments should help the social system and many of its communities to progress, the problem of poverty is a major one along with the associated unemployment.
Wiki User
∙ 13y ago
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What is the comparison of macroeconomics and macroeconomics?
The comparison of macroeconomics and macroeconomics is that, it looks at the economy as a whole by considering the aggregates such as; GDP, depression, international trade and un employment problem among others. Macroeconomics differs from Microeconomics in that it looks at the economy as a whole while micro considers a single unit of the economy. for example, household income, business firm and other sectors like agriculture.
How can mixed economy system solve the problem of unemployment?
It cant..The way this System is built you will always have Winners and Losers.
What effect did Ford's WIN strategy have on the economy?
Inflation went down due to spending cuts, but unemployment was still a problem.
What does it mean to say the unemployment problem in America is structural in nature?
a large portion of the population does not have the skills that are truly needed by the economy for growth
What is the biggest problem in macroeconomics?
The persistance and increase of poverty when technology is growing rapidly.
What is the comparison of macroeconomics and macroeconomics?
The comparison of macroeconomics and macroeconomics is that, it looks at the economy as a whole by considering the aggregates such as; GDP, depression, international trade and un employment problem among others. Macroeconomics differs from Microeconomics in that it looks at the economy as a whole while micro considers a single unit of the economy. for example, household income, business firm and other sectors like agriculture.
Concept of unemployment?
Unemployment means there are many job seekers in the economy but less jobs are available. Now a days in the world it is the hard and tough problem.
How can mixed economy system solve the problem of unemployment?
It cant..The way this System is built you will always have Winners and Losers.
What effect did Ford's WIN strategy have on the economy?
Inflation went down due to spending cuts, but unemployment was still a problem.
What does it mean to say the unemployment problem in America is structural in nature?
a large portion of the population does not have the skills that are truly needed by the economy for growth
What is the biggest problem in macroeconomics?
The persistance and increase of poverty when technology is growing rapidly.
Is unemployment a social problem?
Yes, unemployment is very much an economic problem, because they are not working and expanding their business, and they're not supporting themselves. Unemployment is a weight on society that should be fixed.
How do you receive child support if the father of the children does not have a job?
You don't, unless they are on unemployment. In today's economy, a growing number of men running out of their benefits, this is becoming a growing problem.
What are the importance of macroeconomics?
The theoretical and practical importance of macro economics is briefly discussed as: 1. It is helpful in understanding the functioning of macro economics system. 2. It explains the factors which determine the level of national income and employment in an economy. 3. It explains the circular flow of national income in an economy. 4. It explains the problem of unemployment which is a main problem of developing countries. 5. It explains the various aspects of international trade such as terms of trade balance of payments, foreign exchange etc. 6. It studies the causes of fluctuations in the business cycle and to formulate the policies to control inflation and deflation.
Tell about Ireland biggest ongoing problem past or present?
Ireland's current main ongoing problem is the state of the economy and the problems that brings with it, such as higher levels of unemployment, difficulties in meeting the cost of living, emigration etc.
Why problem of unemployment in third world countries?
The effect of taxation on unemployment in Ghana
Is unemployment a problem in china?
yes
