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Economics - Financial Markets
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Part 3: Explain how the three groups are connected in regard to unemployment. How does a change in one group affect the other two? For example, if a business lays off thousands of employees, what impacts (social, political, or economic) might the lay-offs have on government and laborers?
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When laborers are out of work, then they can't as often to buy product from business, which in turn the business loose money have to lay their laborers off,which creates a vicious cycle.Then at times the government will come up with their programs to help the business and try to keep the economy going -> yahoo
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