Papers > History > Unempoyment and economic problems
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Unempoyment and economic problems
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... However, the transition from communism to capitalism caused a tremendous economic crisis in the country. ... Unemployment disconnected people from various socio-economic networks. They were not participating in the political and economic processes, thus they couldn’t influence their disastrous position. ...
Economic crisis, described by low GNP, poor enterprise financing, and reduced state income, resulted in closing most of the National manufactures and other enterprises. ... However, there were not many of those, because economic crisis was unexpected for many people and they didn’t have much money saved. ... Unemployment became one of the most troublesome aspects of current economic conditions. It caused not only financial problems for people, but resulted in degradation. ... People were not ready for a sudden transition; they were not ready to face the economic crisis, which came along with it. ...
We always characterize economic situation of the country by the level of unemployment. ... People will get their jobs back, and the circulation of money will make a progress in establishing economic stability.
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Title: Unempoyment and economic problems
Words: 1292 Rating: None Pages: 5.2 submitted by: sosoko
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