Question

In what ways does unemployment hurt the economy

Answer 1

Unemployment in an economy hurts the flow of goods, services and money. If enough goods and services aren't provided for a consumer, then there will be less money to put to use. An example of this is that in Venesuela, there is so much poverty that people can't hold jobs, so just a bag of dog food and can be around $200.

Answer 2

Nation loses goods and services that the unemployed would produce if they were working