Choose the statement that is true/false:

Unemployment leads to the wastage of manpower resources.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
Unemployment has the following drawbacks: It wastes human resources. The population is no longer an advantage to the economy but a problem. Even the country's youth experience a sense of pessimism and despair as a result. It makes the economy work harder. Unemployed people become more reliant on the working population. It impacts an economy's overall growth. It suggests a weak economy and the waste of resources that could have been put to productive use.

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