Question

Unemployment has a detrimental impact on the overall growth of an economy.’ Justify the statement ​

Answer 1

Unemployment has a negative impact because it lacks workers, so the production of the product of a company decreases, this gives us a financial shortage of low or high magnitude; However, it also affects society as there will be more people in poverty, which gives us a lower life expectancy because without work, without money, without food and without satisfaction of primary needs, which leads to poor health and from then on can give many benefits.