GCSE Business 2020-2022 OCR: What does Unemployment Mean? What Effects can Unemployment lead to?

Question

What does Unemployment Mean? What Effects can Unemployment lead to?

go kys · Accepted Answer

-Unemployment means to be Available to Work, but having No Job Currently.
-This leads to the Worker having no Income - Spending Power will Decrease
-Skills of the Unemployment Worker go Down - Need to Retrain in Future
-Unemployment --> Depression --> Little Motivation

GCSE Business 2020-2022 OCR

What does Unemployment Mean? What Effects can Unemployment lead to?

-Unemployment means to be Available to Work, but having No Job Currently. -This leads to the Worker having no Income - Spending Power will Decrease -Skills of the Unemployment Worker go Down - Need to Retrain in Future -Unemployment --> Depression --> Little Motivation

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