What are the harms of unemployment?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Wastage of manpower

Overload on economy

Both 1 and 2

All of the above

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The harms of unemployment are Wastage of manpower and Overload on economy.
A situation in which skilled and able people do not get any gainful work at a decent wage is unemployment. Unemployment is the situation where people are unable to find jobs. It is most prevalent in urban as well as rural areas. People who are educated and illiterate can suffer from this situation. This situation is often found in developing countries as compared to developed countries. The limitation of unemployment is that it leads to a wastage of manpower resources. It tends to increase economic overload. It harms the overall growth of the economy. This can have a negative impact on the economy.

Watch 3-min video & get full concept clarity