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Unemployment (Economic Impact of unemployment (Loss of output of g/s hence…
Unemployment
Economic Impact of unemployment
Loss of output of g/s hence welfare loss
Fiscal costs to the government
Loss of productive capacity
Frictional unemployment
Imperfect information
Social Impact of unemployment
decline in both physical and mental health of individuals
Structural unemployment
Cyclical unemployment
Seasonal unemployment
Real wage unemployment
Policies to reduce unemployment
Solve Frictional Unemployment
Better job information
Improvement in industrial relations
Solve structural unemployment
Upgrading skills of the workforce
Using subsidies to manage the change in economic structure
Solve cyclical unemployment
Appropriate demand management policies
expansionary monetary policy
fiscal policies
Supply management policies
Reduce structural rigidities
Recommending wage cuts
Providing subsidies to reduce the costs of production
Seasonal unemployment
Rearranging production process
Other lines of production added
Price system to induce demand
Unemployment in developed and less developed countries
Developed countries
Cyclical unemployment
Technological unemployment
Structural unemployment
Undeveloped countries
Frictional unemployment
Seasonal unemployment
Imported Cyclical Unemployment
Demand Deficient unemployment