Question

please answer this in 600 words “unemployment means lost output for the country, and it also means severe hardship for those who are out of work. inflation, in contrast, does not imply a loss of output, and although inflation causes some people to lose real income, it causes others to gain. unemployment is therefore a much more serious problem for the country than inflation. we should strive to reduce unemployment as much as possible, and stop worrying so much about inflation.” discuss the benefits of both unemployment and inflation

Answer 1

Unemployment i a condition a person willing to do work able to get work. in which is not wous To know the danger and seriousness of an employent. Lets take a Counting like India which has a hepe youth population. Predicted to be the future work fore. But unfortunately it has highest number of unemployed pessons. As per government data, unemployment rate is growing sharply and in 2019 it hit by te decades high unemployment Reasons for unemployment. > Loss Capability for manufacturing Sector to absorb work force. tess job Creation by Senice Sector > too much dependence on farming. > Disguised un employment. > lack of technical skill > Poor infrastructure development / investment. A

A Nation with hupe unemployed person can't progress because the potential of hupa youth fabour is ander utilized (or) not utilized. Government may cut it's sponding on the fear of inflation but actually! inflation will de les ham when Compared to unemployment Because othective Spending on Capital expenditure will help the government to gain revenue in Cong tem as well as Job Creation. Inflation will not cause loss to GDP but ulm employment Can Cause loss to GDD. So Gort or should focus on Job Creation by addressing the basic weakness of jobless Youth by ennching Skills to get the adequate job on field training etc should be organised. > - B

7 a youth demography has to wa turn into divident it should be care fully soon and help to grow. Benefits of unemployment > It can help big companies in the name of reduced cost of production > Can be globally competitive by noing low cost labour. > It helps exporters a large. Benefits of Inflation. > It helps to boost Spending from public theis increasing demand thereby huge production. > More money flow in the system. > High production leads to more Job Creation. > Increase in Salary for labours. Benefit for lenders.