inadequacy of policies to correct the situation. The effects of the financial crisis in the Caribbean region was revealed in a number of challenges faced by these smaller economies. For example, the decline in the tourism industry on islands like The Bahamas and the decline in exports of key commodities like bauxite in Jamaica. These negative consequences of the crisis contributed to increasing unemployment in the region. These harmful effects in the Caribbean economies were largely attributed to
How can the rate of unemployment affect the economy of a country? Unemployment is the state of not having a job. It tells the total number of people who do not have jobs in a particular place or area. According to Stephen Simpson (2011) unemployment is universally recognized as a bad thing. Stephen Simpson also said that a certain level of unemployment is really natural and it cannot be erased, if the level of unemployment is elevated or higher it will impose significant costs on the individual
growth of the gross domestic product rate or the GDP rate. Inadequate goods and supply really affect the economy by having a scarcity and limited supplies of goods. The word “recession” refers to a period of economic activity is characterized by negative growth in the economy, which reduces the demands for goods and services (McDaniel, C., Lamb, C.W., & Hair, J.F., 2012). Marketing strategies are strategies that focus on selecting and describing one or more target markets and developing and maintaining
few people really know the negative effects of inflation in the world of economics. One famous example is the EconLand case. EconLand was an imaginary nation that implemented a monetary policy that increased significantly the supply of money and credit. Because of this implement, the nation suffered a big increase inflation rate of about 10%, causing a high increase of the prices. This example is very complex to
Unemployment is defined as any person who is of working age (aged 16-64), who is currently looking for a job, but cannot find one. In developing countries, unemployment is of chronic and long-term nature. There are four types of unemployment, namely: Structural unemployment, Frictional unemployment, cyclical unemployment and Seasonal unemployment. The characteristics of unemployment would include the following: 1. Lack of skills: This is a large portion of unemployment in South Africa. Majority
causing NPLs in the Pakistan banking industry. They employed the correlation and regression model to examine and the concluded that Pakistan bankers presume that unemployment, interest rate, inflation and exchange rate have a significant positive relationship with the NPLs of Pakistani banking system while GDP growth has significant negative relationship. According to (K., 2014) author who employed a time series data multiple liner regression model also examined the crucial factors of NPLs with evidence
Background According to Stats SA's unemployment is defined as “unemployment is someone aged between 15 and 64 who is without work in the week preceding the interview, but who looks for work and is available to take up employment or open a business, and “according to the ILO guidelines, a person is unemployed if the person is (a) not working, (b) currently available for work (c) seeking work. Unemployment is a social issue that affect both the humans and the society. Unemployment is the state of being without
extent of unemployment and the distress it may cause on hospitality graduates. The literature will review sub-topics that will assist the researchers with answering the research questions which includes: What are the impacts of unemployment on hospitality graduates? What are the distresses that hospitality graduates face as a result of unemployment? How the distress faced impact the graduates? The sub-topics of that will be discussed in the literature will include causes of unemployment, consequences
Does immigration labour benefit or impoverish south Africa ? Motivation I chose the area of immigration labour. This is because with the rise of unemployment levels in south Africa and the increased amount of immigration labour it has to raise ones eyebrow as to how the south African economy is dealing with this and also with the increase in xenophobic attacks will south Africa be able to sustain itself and its people or will other countries benefit from them ? Introduction immigration labour
lives we lead. Jobs allow people to earn a steady income to live and meet basic human needs such as shelter and food. Currently, however, many people in the United States are unemployment and do not have the money to pay for necessities and meet these basic needs. Personal and social hardships are adverse effects of unemployment that can drastically change one’s life. Being unemployed eventually leads to personal and social hardships that are hard for people to cope with, Personal hardships include