Unemployment in Nigeria is one of the critical and major problem the country faces in its present years. This has actually contributed to numbers of societal malaises among Nigerians and can be traced to the malfeasances of all the governments that have been ruling Nigeria since independence. BY Perhaps‚ this is also due to the inferiority complex nature of a black man to the superiority of others. This problem has gone far worse than minds could in imagine putting lots of people under condition
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Unemployment can be measured by the claimant count or the labour force survey. Discuss the relative reliability of these two measures. Unemployed is the percentage of the workforce which is able‚ available and willing to work at the current wage rate but cannot find work despite seeking for a job. Claimant count is a measure of unemployment which includes those unemployed people who are eligible to claim the Job Seeker’s Allowance or who have enough National Insurance Credits. It is very reliable
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Report 1 Discussion on whether the introduction of maximum prices by a government would solve the problem of scarcity. 1.0 Introduction: A maximum price is a price set by government to limit the amount sellers are allowed to charge for their products or services. This is to prevent sellers from setting high prices and thus‚ making goods more affordable for the general public. While their intention to protect the welfare of consumers is well-meaning‚ this measure can sometimes backfire when
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Why is youth unemployment so high? May 8th 2013‚ 23:50 by J.F. | NEW YORK YOUTH unemployment is blighting a whole generation of youngsters. The International Labour Organisation estimates there are 75m 15-to-24-year-olds looking for work across the globe. But this figure excludes a large number of youngsters who do not participate in the labour market at all. Among the 34 members of the OECD‚ a club of rich nations‚ it is estimated there are 26m youths not in education‚ employment or training
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RESEARCH METHODOLOGY FINAL PROJECT INFLATION AND UNEMPLOYMENT SUBMITTED BY: AHSEN ALE INTRODUCTION Inflation seems to be a chronic problem in many parts of the world today and unemployment‚ a phenomenon‚ true for Pakistan‚ and valid for United States and other western economies. Even the fastest growing Chinese economy is not totally immune to it. Thus this research project deals with the analysis of unemployment and inflation in Pakistan. The purpose of this research
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this performance – the long term unemployment in Japan. According to Bloomberg‚ AFP on Business Times dated on 30 November 2011‚ it was mentioned the country faced a high unemployment rate at 4.5% in October 2011 which is higher than the 29 economists’ prediction. Our aim is to exam the causes of Japan’s long term unemployment in recent years in general and to understand about the measurement that the Japanese government has taken to minimise the high unemployment rate. The article‚ in brief‚ mentioned
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A REVIEW OF THE ROLE OF ENTREPRENEURSHIP IN STIMULATING ECONOMIC GROWTH‚ REDUCING UNEMPLOYMENT AND INCREASING LEVEL OF INCOME IN LOW TO MIDDLE INCOME COUNTRIES. INTRODUCTION This paper sets out to review the role of entrepreneurship in stimulating economic growth‚ reducing unemployment and increasing levels of income in low to middle income countries. Nieman and Nieuwenhuizen (2009) states that the contribution of entrepreneurs to the economy can be attributed to their special qualities. They
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per worker. c. A temporary rise in s has no effect on the steady-state equilibrium. d. The increase in the labor force participation rate does not affect the growth rate of the labor force‚ so there is no impact on the steady-state capital-labor ratio or on consumption per worker. However‚ because a larger fraction of the population is working‚ consumption per person increases. Question 4 How would each of the following affect the national saving‚ investment the current account balance
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Poland Unemployment Rate from January 2011 to January 2013 Current : Poland’s unemployment rate climbed to 13.4 percent in December‚ from 12.9 percent the previous month‚ due to an economic slowdown and a seasonal loss of many outdoor jobs. The Main Statistical Office said Thursday that some 2.14 million people in this nation of 38 million were without a job at the end of December. Unemployment usually rises in Poland in winter‚ when outdoor jobs are lost due to snow and low temperatures.
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Institution: Inflation is the rise in general prices of goods and services over a specific period of time. Unemployment is a state where people are able and willing to work at the ongoing market prices of labour but they are unable to secure a job. According to the Phillips curve‚ there is a consistent relationship between inflation and unemployment (Nevile‚ J. W. 1981‚ pg 3). When the rate of unemployment is low‚ the level of inflation is high and when the level of employment is high‚ inflation level is
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