Economic Problems Associated with Unemployment

Economic Problems Associated with High Levels of Unemployment

a) Cost to the Inland Revenue (or exchequer)

Each unemployed person is said to increase the price of the Inland Revenue in terms of allowance for the following: -

i. The unemployment benefit.

ii. Loss of the tax revenue from the unemployed.

iii. Cost of the special schemes for the unemployed people.

iv. The Administration.

b) Waste of Scarce Resources

Labour, unlike some raw materials, cannot be stored for future use. Unemployed/unused labour resources are lost for all times.

c) Inequality of Income Distribution

The gap in the level of standards of living between those not in of work and those in work widens during time period of severe unemployment.

Email based economics assignment help - homework help at TutorsGlobe

Are you searching economics tutor for help with Economic Problems Associated with Unemployment questions?  Economic Problems Associated with Unemployment topic is not easier to learn without external help?  We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Economic Problems Associated with Unemployment related problems. We provide step by step Economic Problems Associated with Unemployment question's answers with 100% plagiarism free content. We prepare quality content and notes for Economic Problems Associated with Unemployment topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.

Why TutorsGlobe for homework help

  • Higher degree holder and experienced tutors network
  • Punctuality and responsibility of work
  • Quality solution with 100% plagiarism free answers
  • Time on Delivery
  • Privacy of information and details
  • Excellence in solving accounting questions in excels and word format.
  • Best tutoring assistance 24x7 hours

©TutorsGlobe All rights reserved 2022-2023.