Unemployment leads to 1 Wastage of Human resource 2 Increases economic overload 3 Negative imp...........

Economic Affairs NCERT

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Unemployment leads to

1. Wastage of Human resource

2. Increases economic overload

3. Negative impact on economic growth

Choose the correct answer using the codes given below

1 only

2 and 3 only

1 and 2 only

1,2 and 3 only

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Explanation:

• Unemployment leads to increased economic overload. The dependence of the unemployed on the working population increases. The quality of life of an individual as well as society is adversely affected. When a family has to live on a bare subsistence level there is a general decline in its health status and rising withdrawal from the school system.
• Unemployment leads to wastage of manpower resources people who are an asset for the economy turn into a liability.