* HOLIDAY ASSIGNMENT
“Business studies” A TOOL TO SOLVE THE PROBLEMS OF YOUTH UNEMPLOYMENT IN NIGERIA. Definition of unemployment
Unemployment is define as a situation in which person of working age, able and willing to work are unable to find paid employment. Which results to joblessness, an unemployment can be simple explained as a situation whereby, people who are available, capable of working and qualified by age to work but could not find job (employment). Unemployment has done so many harms to Nigeria youths, which result or propelled them to embark on criminal activities such as; armed robbery, car snatching, and cyber-crime etc. other obnoxious activities are; prostitution, child labour and ritual activities. And all these retract growth and development of a country (economic, political, social sectors etc.). These are few types of unemployment: A.STRUCTURAL UNEMPLOYMENT: This occurs as a result of changing a production pattern due to the fall in demand for the product of the industry. This leads to retrenchment of workers. B.FRICTIONAL UNEMPLOYMENT: It is caused by changes in the technique of production. Here, machineries are used to replace human effort. And by so doing workers are been remove from their work. C.RESIDUAL UNEMPLOMENT: This is the type of unemployment that faces people who have...
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