List down the disadvantages of unemployment.

i) Economic Effects - These effects are visible in terms of loss which is measurable in monetary terms.
(ii) Social Effects - These effects manifest themselves in the form of many social problems which are discussed below

 

(a) Rise in Poverty - Unemployment and poverty are directly correlated. With the increase in unemployment, the level of poverty in the country also rises.

 

(b) Increase in Inequalities

e) Results in Depression - An unemployed person considers himself unwanted and useless, and suffers from depression.