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21 March, 04:30

When individuals are looking for jobs but are unable to find work, what does it imply on the economic status of a country

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  1. 21 March, 04:44
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    It implies that the economic status of the country is not positive. That means that the economy is operating below its capacity and not efficient.

    Explanation:

    Economic efficiency is a situation where the resources of the economy are used in the service of the individuals of the country while utilizing it efficiently to get optimum results. When individuals are looking for jobs and they do not get employed, it simply means that the economy is not doing great. When the resources of the economy are not utilized well there is stunted economic growth in the country.

    Therefore the high unemployment rate in a country means that the economic status is not positive.
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