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G.H.PATEL COLLEGE OF ENGINEERING AND
TECHNOLOGY
Chemical Department
Topic Name: Unemployment and Inflation
Subject: Engineering Economics and Management
Name:
Krishna Peshivadiya (150110105034)
Hardik Pipaliya (150110105035)
Bhavin Poshiya (150110105036)
Purvendrasinh Rana (150110105037)
Overview:-
• Introduction about Unemployment
• Types of Unemployment
• Causes of Unemployment
• Remedies to Unemployment
• Introduction about Inflation
• Types of Inflation
• Causes of Inflation
• Remedies of Inflation
About Unemployment:-
• When a person is actively searching for
employment , but unable to find the job is
called Unemployment.
• Unemployment is used as a measure of the
health of the economy.
• Unemployment is very serious problem to
society which increases the poverty in the
country.
Types of Unemployment
Causal Unemployment :
 Based on a greater availability of workers than there are jobs for
workers.
Disguised Unemployment :
 Rather than remain unemployment they prefer to do the work
along the others where that much of workers not required.
Seasonal Unemployment :-
 For some period of time the workers get work but after that they
do not have work.
Voluntary Unemployment :-
 Peoples who are unwilling to work and need not to work.
Causes of Unemployment
Illiteracy :-
Educational facilities is poor in rural areas.
Education is neither job oriented nor skill
oriented.
Technology :-
Machines can perform the job of many persons
in a short time and better way.
Because of computers many people were
become unemployment.
Population Growth :-
 The employment growth in our country could not
keep up pace up with the population growth.
Major sectors have not provide job to all the people
due to large population.
Social and Cultural factors :-
It has generally been seen that people do not want
to leave their family and work at distant places.
In family one has to dependent on others income.
Remedies to Unemployment
• Reform in the Education system.
• Control the population.
• Self Employment jobs.
• Policy or steps towards Seasonal
Unemployment.
• Set up more industries.
About Inflation
• It is a sustained increase in the general price
level of goods and services in an economy
over a period of time.
• When the price level rises , each unit of
currency buys fewer goods and services.
• So , Inflation reflects a reduction in the
purchasing power per unit of money
Types of Inflation
Excess demand inflation :-
 It occurs when the total demand for goods and services in
an economy exceeds the available supply.
 Like in war , the demand of war materials is increase.
Cost Push Inflation :-
As the name suggests the costs of production rise
for one reason or another and force up the prices
of finished goods and services.
Administrated Price Inflation :-
It occurs whenever businesses in general decide to
boost their prices to increase their profit margins.
Sectorial Inflation :-
It can be said that though inflation was started in
one sector , it has been propagated to other sector.
Causes of Inflation
• Unfavorable agricultural production
• Hoarding or store the things
• Mistake in financing by government because
of inflation
• Population and black money
• Hiking of administered prices
• Increases in indirect taxes and wages rates
Remedies of Inflation
• Monetary Measures :-
It is taken by the government.
Main tools of monetary measures of credit
control includes Bank Rate policy , open
market operation , cash reserve ratio.
It is reduces the pressure of demand and
achieve full employment.
Fiscal Measures :-
It is related to public revenue and public
expenditure.
To control the inflation measures taken are like
reduction in government spending , increase in tax
rates and increases in public borrowings.
Other Measures :-
Short term concerns with the distribution of
essential commodities on ration cards at reasonable
price.
Long term includes population and economic
planning.
Thank You

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GHPCET students explore causes and remedies of unemployment and inflation

  • 1. G.H.PATEL COLLEGE OF ENGINEERING AND TECHNOLOGY Chemical Department Topic Name: Unemployment and Inflation Subject: Engineering Economics and Management Name: Krishna Peshivadiya (150110105034) Hardik Pipaliya (150110105035) Bhavin Poshiya (150110105036) Purvendrasinh Rana (150110105037)
  • 2. Overview:- • Introduction about Unemployment • Types of Unemployment • Causes of Unemployment • Remedies to Unemployment • Introduction about Inflation • Types of Inflation • Causes of Inflation • Remedies of Inflation
  • 3. About Unemployment:- • When a person is actively searching for employment , but unable to find the job is called Unemployment. • Unemployment is used as a measure of the health of the economy. • Unemployment is very serious problem to society which increases the poverty in the country.
  • 4. Types of Unemployment Causal Unemployment :  Based on a greater availability of workers than there are jobs for workers. Disguised Unemployment :  Rather than remain unemployment they prefer to do the work along the others where that much of workers not required. Seasonal Unemployment :-  For some period of time the workers get work but after that they do not have work. Voluntary Unemployment :-  Peoples who are unwilling to work and need not to work.
  • 5. Causes of Unemployment Illiteracy :- Educational facilities is poor in rural areas. Education is neither job oriented nor skill oriented. Technology :- Machines can perform the job of many persons in a short time and better way. Because of computers many people were become unemployment.
  • 6. Population Growth :-  The employment growth in our country could not keep up pace up with the population growth. Major sectors have not provide job to all the people due to large population. Social and Cultural factors :- It has generally been seen that people do not want to leave their family and work at distant places. In family one has to dependent on others income.
  • 7. Remedies to Unemployment • Reform in the Education system. • Control the population. • Self Employment jobs. • Policy or steps towards Seasonal Unemployment. • Set up more industries.
  • 8. About Inflation • It is a sustained increase in the general price level of goods and services in an economy over a period of time. • When the price level rises , each unit of currency buys fewer goods and services. • So , Inflation reflects a reduction in the purchasing power per unit of money
  • 9. Types of Inflation Excess demand inflation :-  It occurs when the total demand for goods and services in an economy exceeds the available supply.  Like in war , the demand of war materials is increase. Cost Push Inflation :- As the name suggests the costs of production rise for one reason or another and force up the prices of finished goods and services.
  • 10. Administrated Price Inflation :- It occurs whenever businesses in general decide to boost their prices to increase their profit margins. Sectorial Inflation :- It can be said that though inflation was started in one sector , it has been propagated to other sector.
  • 11. Causes of Inflation • Unfavorable agricultural production • Hoarding or store the things • Mistake in financing by government because of inflation • Population and black money • Hiking of administered prices • Increases in indirect taxes and wages rates
  • 12. Remedies of Inflation • Monetary Measures :- It is taken by the government. Main tools of monetary measures of credit control includes Bank Rate policy , open market operation , cash reserve ratio. It is reduces the pressure of demand and achieve full employment.
  • 13. Fiscal Measures :- It is related to public revenue and public expenditure. To control the inflation measures taken are like reduction in government spending , increase in tax rates and increases in public borrowings. Other Measures :- Short term concerns with the distribution of essential commodities on ration cards at reasonable price. Long term includes population and economic planning.