Governments typically seek to reduce unemployment by stimulating the economy through monetary or fiscal policy. Using monetary policy they increase the money supply in the hopes of reducing interest rates to spur economic growth. They can also use fiscal policy where they influence the level of taxes or government spending to influence economic development and to reduce unemployment as well.
Load shedding is a real problem in the developing and emerging markets and takes a big hit on the economy. It is affecting the GDP economic growth and is costing small businesses and corporations billions a year
For example, in South Africa where load shedding has become a reality since December 2014, it has already impacted the economy and the economy will only grow by 2%, down from an economic growth forecast of 2.3%. Load shedding has had a big effect on the manufacturing industry where manufacturing production was affected more than any other factor, because of the decline in business activity
