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RE: ECONOMIC CONTEST (3rd week)

in #contest6 years ago (edited)

1-what is unemployment ?

Unemployment is a state or a condition in which a person becomes unemployed and without any source of income.

2-what is participation rate ?

The participation rate is a measure of the active portion of an economy's labor force

3- differentiate between unemployment and participation rate ?

The participation rate and unemployment rate taken together can provide a more comprehensive picture of the job market. A high participation rate combined with a low unemployment rate is a sure sign of a robust job market.

4-What are the factors responsible for women high participation rate ?

institutions, policies, processes.

5- In your in opinion, do you think employment only can bring about development in a country?

Yes, I think economic growth is a fundamental requirement for the development of a country. For companies to invest and an economy to grow, stable environments, efficient institutions, functioning markets and access to sustainable financial services are all required

6- Mention any steemian you know sponsor contest ?

@knircky

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