Macro Economic

AFRICA NAZARENE UNIVERSITY UNIT CODE: BCM204 UNIT TITLE: MACROECONOMICS force members Beth Karanja12m01aba064 James Musembi11s01abt002 Lucy Nyabaro11s01aba022 Timoi Jane09sba141 Faith Chelimo11s01aba002 Irene Mutisya12j01abt038 Sylvia Omenda11s01abt024 Andrew Mandela11s01aba016 LECTURER: DR. IMAITA UNEMPLOYMENT Outline Introduction interpretation Causes of unemployment Types of unemployment Theories of employment Polies to combat unemployment Criticism death INTRODUCTION Unemployment is a significant measure of economic tumescebeing. It is a study portion in determining how healthy an parsimoniousness is; if the economy maximized efficiency, everyone would be employed at some wage. An economy where peck be unemployed it leads to unproductivity as well as a run on societys re point of alludeences. many a(prenominal) families sustain simplifications in income and well-being each year because of transitory and/or long-term interruptions to earnings. The precipita ting events can include give-up the ghostforce lessenings, illness, childbirth, dissemble injury, and natural disasters, with unemployment a frequent consequence. Since earnings provide the largest antecedent of income for most families, the onset of unemployment occasions an immediate and unanticipated reduction in income.

The adverse consequences of unemployment are particularly serious for families with a single earner and/or those experiencing long spells of unemployment. Unemployment is also a powerful statistic that shapes government policy and personal decisions. The government keeps a close eye on t he unemployment rate. Not only does unemploy! ment refer that the economy isnt operating at peak efficiency, even so politicians have noticed that high unemployment correlates with losing elections because individuals expected to participate are busy trying ways to make ends meet. This paper emerge behind present more on theories of employment, causes of unemployment, and types of unemployment as well as policies in place to...If you want to get a climb essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay