Unemployment can be reduced by?

Assessment: JAMB UTME - Economics - 1994 Subject: Economics

Question 1 Report

Unemployment can be reduced by?

Answer Details
Unemployment can be reduced by adopting labour-intensive techniques of production. When a country or firm employs more labour, the demand for labour increases, which ultimately leads to a reduction in unemployment. Additionally, labour-intensive techniques of production have the advantage of creating more job opportunities, which can help to reduce the level of unemployment. However, the adoption of labour-intensive techniques of production may lead to lower productivity, which can have an adverse effect on economic growth. Therefore, a mixture of labour and capital-intensive techniques of production may be a more suitable approach to reduce unemployment and promote economic growth.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning