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identify TWO possible reasons for unemployment​

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Answer:

Answer:TWO possible reasons for unemployment

  • lack of education
  • lack of high salary

azikennamdi

Two possible reasons why Unemployment can occur are:

  • Economic Reasons such as in the case of Cyclical Unemployment.
  • The second reason is the issue with Supply such as in the case of Frictional Unemployment, such as in the case of someone who has just been sacked or fired.

What is Cyclical Unemployment?

This refers to unemployment that occurs in the economy because of a drop in Aggregate demand for goods.

When there is a drop in Aggregate demand for goods, prices drop. When prices drop (according to the laws of demand and supply), production drops.

In order to remain operational, many firms cut down on their staff strength at this point.

Other types of unemployment are:

  • seasonal unemployment; and
  • structural unemployment.

See the link below for more about Cyclical Unemployment:

https://brainly.com/question/26525091

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