Question: If technological change increases structural unemployment, why do most governments and economists encourage such change? Be sure to cover three of following concepts: - Definition
If technological change increases structural unemployment, why do most governments and economists encourage such change?
Be sure to cover three of following concepts:
- Definition of technological change
- Definition of structural unemployment
- Impact of technological change on employment
- Impact of technological change on future production
- Impact of technological change on the economy
Include the following topics:
- How does an economy recover from structural unemployment?
- What government actions help to facilitate this recovery?
Be sure to include an example
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
