Thulanisthandwa44idn
Answered

IDNLearn.com: Where your questions meet expert advice and community support. Get the information you need from our experts, who provide reliable and detailed answers to all your questions.

identify TWO possible reasons for unemployment​

Sagot :

Answer:

Answer:TWO possible reasons for unemployment

  • lack of education
  • lack of high salary

Azikennamdiidn

Two possible reasons why Unemployment can occur are:

  • Economic Reasons such as in the case of Cyclical Unemployment.
  • The second reason is the issue with Supply such as in the case of Frictional Unemployment, such as in the case of someone who has just been sacked or fired.

What is Cyclical Unemployment?

This refers to unemployment that occurs in the economy because of a drop in Aggregate demand for goods.

When there is a drop in Aggregate demand for goods, prices drop. When prices drop (according to the laws of demand and supply), production drops.

In order to remain operational, many firms cut down on their staff strength at this point.

Other types of unemployment are:

  • seasonal unemployment; and
  • structural unemployment.

See the link below for more about Cyclical Unemployment:

https://brainly.com/question/26525091

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. For clear and precise answers, choose IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.