1.If technological change increases structural unemployment, why do most governments and economists encourage such change? 2.what are...
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Question:
1.If technological change increases structural unemployment, why do most governments and economists encourage such change?
2.what are the the following concepts?
- Definition of technological change
- Definition of structural unemployment
- Impact of technological change on employment
- Impact of technological change on future production
- Impact of technological change on the economy
3.How does an economy recover from structural unemployment?
4.What government actions help to facilitate this recovery?
give example.
5.Explain at the following concepts: (1) Definition of technological change, (2) Definition of structural unemployment, (3) Impact of technological change on employment, (4) Impact of technological change on future production, and (5) Impact of technological change on the economy.
6.Explainthe following topics in explaining why do most governments and economists encourage such change:
- How does an economy recover from structural unemployment
- What government actions help facilitate this recovery.
- Included an example
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