IMPORTANCE OF EMPLOYMENT IN ALLEVIATING POVERTY IN NIGERIA
CONTENT
- Meaning of Employment
- Meaning of Unemployment
- The Meaning of Poverty
- How Employment Can Alleviate Poverty
- Guaranteed Employment
- Factors that Promote Guaranteed Employment
- What Makes a Worker Employable
Meaning of Employment
Employment refers to the engagement of labor in meaningful and productive activities. It can also be defined as the state of being employed.
Meaning of Unemployment
Unemployment may be defined as the condition in which a trained, willing and capable job seeker has no paid work to do to earn a livelihood. Unemployment also means the state of being unemployed. It can be found in the following forms:
(i) Structural unemployment: This happens when there is a shift in demand.
(ii) Technical unemployment: This is caused by changes in techniques, methods and tools used in production, e.g., change from labour intensive to capital intensive method of production.
(iii) Seasonal unemployment: Those who are employed in a particular season become unemployed when such season fades out, e.g.
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