Changes in the exchange rate and the prices of goods and services By Parveen Zaiby Inflation is the rise in the prices of goods and services in an economy over a period of time. When the general price level rises, each unit of the functional currency buys fewer goods and services; consequently, inflation is a decline in the real value of money — a loss of purchasing power in the internal medium of exchange, which is also the monetary unit of account in an economy. Inflation is a key indicator of a country and provides important insight on the state of the economy and the sound macroeconomic policies that govern it. A stable inflation not only gives a nurturing environment for economic growth, but also uplifts the poor and fixed income citizens who are the most vulnerable in society.
The overall population change is 2. The issue still remains that the supply of Labor force is ample due to a big size of inhabitants, but the available vacancies are less. The rural population is more as there is less awareness when it comes to contraceptives, education is not prioritized and many also keep having kids to have more sons.
Lack of Foreign Direct Investment There have been major threats in Pakistan from inside and outside terrorist activities. Due to lack of jobs, some of the many unemployed individuals become vulnerable and opt to earn via various crimes. This uncertainty leaves a void when it comes to foreign direct investment.
People are reluctant in investing in a Pakistan, which is a gold mine with ample resources. Thanks to the All Mighty, the situation has become much better in the last year and we have seen an increase in investments. If people become more prone to invest in Pakistan, this would create many jobs for skilled and unskilled labor.
A popular example of how FDI leads to jobs is Gawadar. Fuel for the fire Pakistan has an abundance in natural resources, the issue here is that we are not utilizing them properly as no one is on the same page.
Greed and individualism is eating our society. If the government and people tap these needed resources a lot of industries can be set up thus creating jobs. Due to a lack of resources, basic necessities like electricity is not supplied as per the demand.
This in turn keeps many factories either closing up or relying on expensive alternatives such as generators.
Jun 29, · The effects of unemployment on the economy are equally severe; a 1-percent increase in unemployment reduces the GDP by 2 percent. The criminal consequences of unemployment are mixed; in some circumstances, property-crime rates increase significantly; in other circumstances, there seems to be no effect. Home / unemployment in pakistan / Major Causes and Solution of Unemployment in Pakistan Major Causes and Solution of Unemployment in Pakistan Unemployment in Pakistan is increasing with the passage of time. Mar 17, · Cause and Effect of Unemployment in the US. Cause and effect of unemployment in the US The unemployment issue in the United States has been a thorny issue for a .
Supplying proper electricity and Gas across the nation would also get the ball rolling in reducing unemployment. The Urban population may be benefiting from the private school systems, but the government schools are far from the needed standards.
The education board needs to implement certain standards across the country. A proper education system would lead to people from Rural and Urban population to gain proper education. If the system of Public schools is improved, the literacy rate and unemployment rate both would improve.
Corruption is not just on the accounts of politicians and the wealthy business men, everyone plays some part. A politician swindling money, a taxpayer lying on his or her documents, or an employee accepting a bribe all fall under the same heading.
End of the day the money meant for the public does not exist. Merit over Nepotism Nepotism in essence is favoritism towards an individual because of his or her legacy or because of his or her status.
Due to people being chosen because of their references, many individuals who shine on merits are left behind.Other Pakistani writers have mentioned the impacts of unemployment which are definitely there.
I would like to add one more. Unemployment also affects the health. Youth has to suffer depression, hypertension. They mostly suffer with high blood pressure and negative psychological changes occur to them. Unemployment increases the brain-drain. Unemployment occurs when a person is able and willing to work but currently without work.
The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labour force who are unemployed. Unemployment means being out of job or a situation where the individual is wiling to work but has none. This article brings and discusses the main issues/effects of the unemployment .
Mar 17, · Cause and Effect of Unemployment in the US. Cause and effect of unemployment in the US The unemployment issue in the United States has been a thorny issue for a . Unemployment may bring a decrease in social outings and interactions with other people, including friends and thus also the living standards of people with the salaries packages and income reduced.
The unemployed is not able to put his skills to use, sometimes may lose even some of his skills. Unemployment may lead people towards a potential dark path, to avoid such circumstances we need to curb it (Six Causes Of Unemployment In Pakistan in ).
The Current Unemployment rate of Pakistan as compared to the past and future forecasts is as Follows.