1. What factors can contribute to unemployment?2. How can technology lead to greater unemployment,...

Question

1. What factors can contribute to unemployment?2. How can technology lead to greater unemployment, or is it a benefit to the economy?3. Con inflation cause or effect unemployment? How?

Robert · Accepted Answer

1) Unemployment occurs when a person cannot find a job at the ongoing market wage rate. 
Unemployment of an economy depends on  several factors, which can be divided into 
three broad categories –  
I. Economic factors: Economic factors affect both the supply and demand sides of 
labour and thereby is an important factor for unemployment. The economic factors 
can be sub divided into several categories: 
 Business cycles 
 Industrial adjustments 
 Not enough jobs
II. Structural factors:

1. What factors can contribute to unemployment? 2. How can technology lead to greater unemployment, or is it a benefit to the economy? 3. Con inflation cause or effect unemployment? How?

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