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The unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. Unemployment is termed as a major health of the economy and every country tries to reduce unemployment rate for sustainable growth. It is referred as the number of unemployed workers divided by the total civilian labour force. Every economy tries to ensure full employment in the country but there is the existence of natural rate of unemployment though nation tries hard to obtain full employment in the country.

It occurs when the number of population exceeds the resources of the country. It also happens when medical facilities decrease death rate and family planning is not so effective due to religious and cultural values of the society. Latest population figures show that population of Pakistan is 124.45 million and growth rate is 3 percent. In 1981, total population of the country was 84.25 million (Pakistan Basic Facts — 1994). Population growth increases dependency i.e. it increases the number of children who are consumers only. They contribute nothing in the production of the

The purpose of this essay is to critically discuss 2 debate topics using both opposing sides, for and against, in order to create an academic argument for each topic. Debate 1 will argue the points of “Starting a small business is too risky or can anyone do it?” will be supported with references of journals and articles. Debate 2 will analyse the for and against argument for the topic of “To fail to plan is to plan to fail: you must plan” where academic articles will be used to back up each point made to for each side of the debate. Business has been a foundation in society for centuries but only within the past 10 years has the UK government promoted SME’s (small and medium enterprises) and encouraged the public to invest in creating a business with incentive grants and education programmes such as Business gateway and the hatchery.

I will continue by discussing the problem which this study deals with, then I will formulate the main problems areas. At the end of the chapter I will give you the objectives of this thesis. In the ten years or so, the importance of Small Business development and entrepreneurship has begun to be recognized not only by specialists in this field, but also by a huge number of researchers, even nowadays everybody is talking about it, we are the witnesses of a New Gold Rush. In this research field, many new scientific papers have been published. The universities started offering new courses in entrepreneurship, and later introduced separate programs in entrepreneurship as

Small business are said to be the backbone of the United States economy. It said that small businesses contribute to growth and vitality in the specific area of the United States economic development. Small businesses play a huge role in how the business world is shaped. Entrepreneurs are smart, creative and innovative however, those same entrepreneurs need to have some knowledge that the study of microeconomics focuses on. With the study of microeconomics, their product or future business will succeed in an economic view point.

Since the early 2000’s the unemployment rates of the United States have been constantly changing. For most of this time unemployment rates were increasing at a quick pace as the country was dealing with internal financial issues of its own. When people are out of work the rates of depression and crime seem to skyrocket. This is due to the lack of funds coming into a home which result in some less than admirable acts being committed. There are many causes of unemployment and many effects that unemployment can have on not only our economy, but our personal lives as well.

One of the downfalls resulting from the Great Recession is the unemployment rate. Approximately 14 million Americans remained unemployed and about half of them were unemployed for over six months. Of that 14 million, 11.3 million of them were barely working, and if they were employed it was mainly part time jobs. Some felt that it would take over a decade to get unemployment rates back to 5%. With unemployment rates raising it also can affect the education of our nation and the future of our nation. The children's education is affected because a lot of them are switching schools and districts due to their unstable conditions at home. More and more parents are out of jobs which makes it hard for them to support their children financially in

Furthermore, unemployment can also be associated with the welfare being of family members. On the outside, many people struggle to hide the pain that is hurting them. Once you have to adjust to life limitation, you are not only getting affected by your living style but so much deeper. It has been evident that, “consequently, it is not just the family’s financial ability that gets affected. Unemployment also can also affect family members emotionally, physically, and psychologically. In some cases, it also

Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.

Small businesses are mighty minnows, reflecting the competitive spirit that a market economy needs for efficiency; they provide an outlet for entrepreneurial talents, a wider range of consumer goods and services, a check to monopoly inefficiency a source of innovation, and a seedbed for new industries; they allow an economy to be more adaptable to structural change through continuous initiatives embodying new technologies, skills, processes, or products (Ibielski 1997, p. 1).

The economy’s motivation of small businesses stability as compared to large businesses that are well established, also the financial assistance of other organization including the government.

Note: Unemployment rates are drawn from the Bureau of Labour Statistics’ website. http://data.bls.gov/pdq/SurveyOutputServlet. GDP per Capita data is drawn from the World Bank. http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2015&locations=US&start=2006.

Pakistan is a federal parliamentary republic consisting of four provinces and four federal territories. It has many ethnicities and many languages that people speak in this country. A regional and middle power, Pakistan has the seventh largest standing armed force in the world and is a nuclear power as well as a declared nuclear-weapons state. They are the only nation in the Muslim world and the second Country in South Asia to have that status. It has a semi-industrialized economy with a well-integrated agriculture sector; its economy is the 26th largest in the world in terms of purchasing power and is one of the largest growing economies in the world. The goal of this paper is to give a better understanding of Pakistan’s demographic

Due to non availability of reliable data there is little manpower planning in less developed countries of the world including of course Pakistan. As a result thereof, there is no matching of demand and supply of different types of skills. The result is that large number of skilled and highly qualified persons remain underemployed. The frustration and discontentment among the unemployed or underemployed graduate and post graduates result in brain drain from the country. It is a huge loss to resources of developing countries.

The importance of small and Micro Enterprises (SMEs) in the economy of any country cannot be overlooked. In fact for nearly 15 years, most researchers dealing with economic planning have highlighted the significance of these enterprises stating that they are a key player in realizing any country’s economic goals. As such, governments as well as other organizations with interest in development are laying plans and strategies to promote the establishment of Small and Micro Enterprises. This is seen as a move to ensure that there is full participation of SMEs in the country’s economy. The Small and Micro Enterprises have been known to contribute to a large extend as a source of innovation, entrepreneurial skills as well as source of employment. For example, statistics in 25countries of the European Union show that 99% of the jobs provided to its citizens come from the micro, small and medium-sized enterprises. Rowe (2008) points out that the British economy relies heavily on the participation of SMEs. On the other hand, 99% of the UK’s economy is composed of small and micro enterprises.