hi everyone this is buzzfinance, I would continue from where i stopped on my previous video where i discussed on inflation vs unemployment, but now i would b e talking about the various solutions to inflation and unemployment, so also the advantages and disadvantages of inflation and unemployment to an economy.
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People should stop depending on the government for a source of income but try to develop jobs for themselves by carefully examining their environment and creating solutions to problems that people will be willing to pay for.
I agree with you my brother people should be self reliant, and start having entrepreneur mindset.
It is only God that can save us from this inflation wahala. Prices of commodities are now too high, and it is becoming more difficult for the common man to survive. Unemployment is another story. Unemployment leads to an increased crime rate, and this is really dangerous.
Like seriously, it not funny at all, that's why we keep receiving series of news about kidnapping and Boko Haram everyday only God can help us.
High rate of unemployment may be an advantage to industries as they will never run out of labour, but is a major disadvantage to the economy and to both the employed and the unemployed individual. People will get laid off work for zero reasons because there will always be people available to take over the vacant spot within the twinkle of an eye. Workers will have no choice but adapt to harsh work conditions regardless of how inconvenient out of fear of not losing their job.
Yeah. To Everything that has Advantage most surely have a disadvantage. Just that it keep making the country unhealthy and unsaved for the Citizens.