Unemployment is the term used to describe the process by which the people so much willing and able to work at a given wage rate in the market, but they do not get the jobs and thus they ended up being unemployed. These people are economically active as they seek employment. When the demand for labor exceeds the supply for labor then unemployment arises. If an economy has a higher unemployment rate, then this is a clear indication that the resources in that economy are used inappropriately.
Background
This study is conducted mainly to investigate the effects of unemployment on the stability of ...