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Jemshah
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Asked: 2023-01-21T09:52:53+00:00 In:

Country XYZ is facing a problem of high levels of unemployment. Explain five measures that the government may take to address this problem. (10 marks)November 2022

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Country XYZ is facing a problem of high levels of unemployment. Explain five
measures that the government may take to address this problem. (10 marks)November 2022

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    1. Increase government spending on infrastructure projects: This would create jobs in the construction and manufacturing industries, and stimulate economic growth.
    2. Implement tax incentives for businesses: This could encourage companies to invest in new projects and hire more employees.
    3. Increase funding for education and training programs: By providing people with the skills they need to fill in-demand jobs, the government can help to reduce unemployment.
    4. Increase the minimum wage: This would increase the purchasing power of low-income workers, stimulating demand and potentially creating jobs.
    5. Implement a public works program: The government could create jobs directly by hiring people to work on public projects such as building roads and bridges.
    6. Encourage the development of new industries: By investing in research and development, and providing incentives for entrepreneurs, the government can help to create new industries and new job opportunities.
    7. Implement a flexible labour market policies: To ensure that the labour market can adapt to changes in the economy, the government could implement policies such as reducing employment protection or increasing the use of temporary and part-time work.
    8. Increase support for small business: Small businesses are the backbone of many economies and by providing financial and technical assistance, the government can help small businesses to grow and create jobs.
    9. Improve access to credit: The government could work with banks and other financial institutions to make it easier for businesses and individuals to borrow money, which could help to spur economic growth and job creation.
    10. Implement a Universal Basic Income: This would provide a safety net for citizens and ensure that people have enough money to meet their basic needs, even if they are not able to find work.
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