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From course:

GCSE Business 2020-2022 OCR

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Question:

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

Author: eric_galvao



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


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