2. UNEMPLOYMENT
A situation in which a section of the
people who are able and willing to
work, but do not find gainful work is
referred to as ‘Unemployment’.
Such a situation is often found in
developing countries as compared
to developed countries.
4. Causes of Unemployment
• Rapid growth of population
• Absence of alternative employment
opportunities
• Method of production
• Backwardness of economy
• Absence of self employment
opportunities
5. Harmful Effect
•Rise in poverty
•Increase in inequality
•Economical backwardness
•Financial problems
6. Remedial Measures
• Labour intensive method of
prodution
• Provide a self employment
opportunities
• Provide wage employment
programmes