ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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placing a strain on the country’s financial resources
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reducing the labour supply available
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increase social cost in certain areas
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causing high interest rates in the country
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Detailed explanation-1: -Higher levels of population and economic production induce higher labor force size.
Detailed explanation-2: -The rapidly growing population transforms the economy into mass unemployment and low employment. As the population increases, the ratio of workers to the total population increases. The result is that with an increase in the labour force, unemployment and low employment increases.
Detailed explanation-3: -Congestion in Towns: As towns expand, the pressure on civic amenities, transport, housing etc. increases. Pollution and social tensions lead to heart diseases, breathing problems, lung and skin problems etc.
Detailed explanation-4: -In other words, unemployment is the result of overpopulation because overpopulation is defined as a condition where a country’s human population exceeds the carrying capacity of its environment meaning in this case that the populace is more than the amount of available or needed jobs.