We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Macro and Micro-economic Concerns of the High Unemployment - Essay Example

Comments (0) Cite this document
This essay explores detrimental effects of unemployment on both macro and micro-levels of economy. Unemployment remains an issue of strong magnitude in the modern world. This issue threatens many economies in the world, regardless of their status…
Download full paper
The Macro and Micro-economic Concerns of the High Unemployment
Read TextPreview

Extract of sample
The Macro and Micro-economic Concerns of the High Unemployment

Download file to see previous pages... Importantly, unemployment is highest in less developed nations; however, with the global economic slump, developed economies are of late facing the challenge. Predominantly, the US subprime challenges and its wide spread effects have considerably worsened the situation. In India, the challenge of unemployment is a prime obstacle to the region’s development. Studies note that even during the good periods, most Indian farmers remain unemployed for several years. Explosive populations and region disparity presents the major challenge for this economy. According to International Labor Organization (ILO) statistics, since the beginning of the 2007 fiscal crisis, the corporate world has lost more than thirty-four million employees. Indeed, the organization’s estimate of the year 2010 presented that about 210 million people were unemployed (Bahmani 236). Surprisingly, terrifying prospect states that the world’s youth unemployment figures may amplify progressively at a yearly average rate of 13.2 %. As such, the organization presents sentiments that economical consequence of this situation is perilous thus demands critical attentions. The rational behind the high rate of unemployment Rethinking of the controversy characterizing the world’s present condition of unemployment is of great essence. A major factor increasing the unemployment rates is the lack of sustainable demands for the labor. Bahmani (236) notes that in developing economies, a considerable group of people works as extra labor. This case has emerged by sense that the world lack approaches for promoting industrial and corporate ventures that can comfortably absorb its labor. Tactical...
This essay presents an modern attempt to find the solution to the unemployment issue on both micro and macro levels, by performing thorough theoretical research of the problem. Unemployment is an old economic challenge; thus, economists and policy makers have ever struggled to counter the problem. This effort has managed to regulate the spread pace, but of late, the situation has gone out of control.
Strategic arguments observe that both macro and micro-economists should examine the present rates of unemployment critically. Unemployment invites financial disaster and reduces the aggregate purchasing capacity of a country. Unemployment leads to less spending hence minimizing businesses’ capital
Adopting tactical measures can minimize the challenge presented by high rates of unemployment. Considering the magnitude of the matter, it is rational to propose that any future economic reforms and industrial adjustments should target reducing the challenge of unemployment. Both economists and policy makers need to work communally while according preference to unemployment. Tactical approaches entail promoting sustainable utilization of the available resources and engaging further industrial and technological developments.
The corporate world and government entities should engage tactical measures aimed at alleviating unemployment. Developing employment opportunities and parity in income allotment will considerably address the concern of unemployment. Economies proliferation in future resides on the world’s unemployment rates. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Macro and Micro-economic Concerns of the High Unemployment Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1453570-an-economic-issue-of-current-interest
(The Macro and Micro-Economic Concerns of the High Unemployment Essay)
“The Macro and Micro-Economic Concerns of the High Unemployment Essay”, n.d. https://studentshare.org/macro-microeconomics/1453570-an-economic-issue-of-current-interest.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Micro & Macro economics
The present situation is APE< GDP = ASF. There would a response from the producers by decreasing unemployment, reduction in prices and output. This will make the ASF line to move rightwards and the GDP and APE line to move leftwards. The economy attains a position which is shown in the figure.
10 Pages(2500 words)Essay
Macro and micro economics
The comparison is carried out between these two factors. In the ratio of Ann’s to peter’s case, Ann has a lower utility function than peter because peter is on medication. The amounts that peter will spend on medication makes him more vulnerable in spending.
6 Pages(1500 words)Essay
Micro and macro economics
The public’s demand for the two company’s products and services generated projected gains. Before the merger, several financial analysts opined that the proposed merger would be very successful (Baumol, 2011). Many quarters predicted the business after the merger will be rosy.
10 Pages(2500 words)Essay
Scarcity and how it Applies to Micro-Economic Decision Making
In simple words it can be explained that there are only a limited amount of resources available to produce the unlimited amount of goods and services that we desire. It’s a question everyone asks how to manage the scarce and limited resources that are available to us, who should be given preference to use them and how the resources can be best utilized.
6 Pages(1500 words)Essay
Unemployment Within the Labour Market is Primarily Voluntary
In particular, this discipline carries crucial importance on the lives and welfare of every human being. Any economy that has thriving macroeconomic management should be in a position to experience low rates of unemployment and inflation with a steady and sustained economic growth and vise versa (Bade and Parkin 1983).
6 Pages(1500 words)Essay
Macro & Micro economics
Macro & Micro economics Introduction This paper presents an analysis of an article named “China economic growth lower than forecast” published on 15 April 2013 by BBC. This report explains that China’s growth rate has been lesser than the growth rate that the country had experienced in last three months of 2012 (in the first quarter of 2013 Chinese economy grew at the rate of 7.7% while it was 7.9% in October-December quarter of 2012).
6 Pages(1500 words)Essay
Macro & Micro economics
Name: Student Number: Short Essay: Macro & Micro Economics 1. Write a paragraph explaining why a “technology-based” water pollution-control standard might not be the most economically efficient (or cost-effective) way to achieve a given level of reduction in water pollution.
3 Pages(750 words)Essay
Micro and macro economic on us trade
Micro and macro economic on us trade This paper defines in detail what Macroeconomics and Microeconomics are about and what their impacts on the economy of a country are. We have taken into account the impact the two kinds of economies create on U.S. trade and why is it important for the survival of the nation.
4 Pages(1000 words)Essay
International Macro Post
23, 2014 (http://www.project-syndicate.org/commentary/egypt-economic-indicators-reforms-by-merit-al-sayed-et-al-2014-10) key economic concepts can be seen in real life application (Dwivedi, 123-5). The article explores macroeconomic challenges that Egypt as a country has after
2 Pages(500 words)Essay
Let us find you another Essay on topic The Macro and Micro-economic Concerns of the High Unemployment for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us