* 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).
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overlapping types of and theories of unemployment‚ including cyclical or Keynesian unemployment‚ frictional unemployment‚ structural unemployment and classical unemployment.[5] Some additional types of unemployment that are occasionally mentioned are seasonal unemployment‚ hardcore unemployment‚ and hidden unemployment. The U.S. BLS measures six types of unemployment‚ U1–U6. Though there have been several definitions of "voluntary" and "involuntary unemployment" in the economics literature‚ a simple
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Ghana is a considerably poorer country in comparison with other countries in the west like Britain and the United States‚ meaning that the country is LEDC‚ standing for Less Economically Developed Country. Although in 2002 Ghana was written off $893 million dollars of their debt costing two organizations. They are still heavily in debt of $3.7 billion dollars. Most of this is owed to the US. The climate of Ghana is hot and a dry because it is located near the equator. There is not much water
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.. 10 -1- I. Introduction: Is Ghana ready for the 21st century? This is the question I asked myself as I researched my paper. Since it won its freedom from The United Kingdom‚ and become Ghana in 1957 rather then The Gold Coast‚ it has changed governments four times due to military coups. Though it is still rich in natural resources it cannot feed its people without importing food and almost half the people cannot read nor write. Ghana is trying to get better but only time will
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Unemployment Gina July 23‚ 2013 Economics Word Count: 2‚112 Table of Contents What is unemployment?........................................................................................................................................3 The Causes and Types of Unemployment……………....................................................................................................................................3-5 Effects of Unemployment...
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Youth Unemployment in South Africa: Reasons‚ Costs and Solutions Word Count: +- 1940 words Introduction – A description of the question: “What are the causes of youth unemployment?” A high employment rate among the people of a nation promotes a spirit of dignity‚ independence‚ achievement and innovation – it isn’t only about earning a form of income. In stark contrast‚ unemployment in South Africa is accompanied by social troubles such as violence‚ poverty‚ a loss of
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According to Gillespie (2011)1‚ “unemployment is a measure of the number of jobless people who want to work‚ are available to work‚ and are actively seeking employment.” However‚ unemployment does not include underemployed workers and part time workers. Since 2008‚ the global unemployment rate has grown. However‚ in normal situations or even boom times‚ the unemployment rate never equals to zero. Hence‚ the main purpose of this essay will demonstrate the situation of unemployment. It will first describe how
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www.ruralpovertyportal.com In recent years‚ Ghana has emerged as a leading country in the Western and Central Africa region. It has developed its economy on a scale that could enable it to meet the Millennium Development Goals (MDGs) before the 2015 deadline. It also managed a smooth and peaceful political transition in 2008 and 2009‚ and has created a political and policy environment conducive to economic and social progress and poverty reduction. The Ghanaian economy has grown at an average
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Stratification in Ghana Stratification in Ghana appears to use both caste and class systems. Many of the first kingdoms that formed in Ghana were separated into three traditional classes: the royal class‚ the commoner class‚ and the slave class. The royals preserved special rights to fill the chief offices of king and queen. Unlike European traditions‚ special status in pre-colonized Ghana was specified only to office-holders and not their families. For this reason‚ it was very common for members
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World According to the CIA World Fact Book‚ in 2007‚ 28.5% of Ghana’s population lives below the poverty line [1]. It is a developing country that has many financially challenged towns. After my father got back from some of his early trips to Ghana‚ he told me that most of the local people live in small overpopulated shacks and apartment structures‚ with very little running water for bathing purposes. A large number of the people have difficulty purchasing food and struggle to earn enough money
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