Question: It has been evidenced in all countries that some amount of unemployment prevails in their economy instead of having increased levels of output. Why the

It has been evidenced in all countries that some amount of unemployment prevails in their economy instead of having increased levels of output. Why the unemployment does prevail in developed countries as well instead of ensuring every possible measure of economic development? Note: read the question carefully and Give a brief answer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!