The Impact of Unemployment on the Economy Term Paper

The Impact of Unemployment on the Economy - Term Paper Example The success of a business relies on not only the own particular market and its own decisions but also the macroeconomic environment it operates within. The macroeconomic environment has a direct effect on the profitability and success of a business. This paper aims at dealing with one of the essential aspects of the macroeconomic environment of business, i.e. unemployment. This paper will deal with unemployment in detail and will include aspects like the meaning of unemployment, and the costs of unemployment. Also, a focus will be on the labor markets and unemployment. The study will also touch upon the two main types of unemployment, i.e. Disequilibrium unemployment and Equilibrium unemployment. Here an attempt will be made to explain the two types of unemployment and the various subcategories of these will also be touched upon. However, before moving on, it is essential to understand the meaning of a few terms like labor force, number unemployed, unemployment rate, and unemployment . Claimant Unemployment: This refers to the people who receive unemployment-related benefits (Sloman and Sutcliffe). This mainly measures all those who receive the unemployment-related benefits and claim the benefits to cover their expenses until they have a job. Standardized Unemployment Rate: This is an unemployment rate that is used by the International Labor Organization and the Organization for Economic Co-Operation and Development (Sloman and Sutcliffe). Here unemployed refers to people of the working age and who are without work. b) Costs of unemployment: Unemployment leads to numerous costs and these costs do not only influence the person unemployed but others as well. There are three main costs that are involved with unemployment are as follows: i) The first and most obvious costs involved are that incurred by the unemployed themselves.

Evolution Essay Example | Topics and Well Written Essays - 750 words - 1

Evolution - Essay Example Although Scientists are convinced that macroevolution occurs resulting in emergence of new species, this is a misconception. This paper argues that macroevolution has never and will never occur. The reasons given by scientists to support occurrence of evolution are controversial and disputable. Irrespective of there being no observable evidence to show occurrence of macroevolution, scientist continue to defend the notion that the existing species evolved from primitive species through gradual stages. There is not recorded evidence that any distinct organism ever evolved into a different kind of organism. This shows that evolution of any significant scale has never occurred and will never occur (Camp, 2006). If the process of evolution ever occurred, then someone must have observed it. On the contrary no one has ever witnessed an organism undergo evolution. Additionally, there are no transitional forms of organism in existence. If evolution does occur, then different organisms of different species would at least be seen in their transitional stages (Denton, 2010). On the contrary, organisms belonging to same species are almost indistinguishable in terms of the traits they possess. Although a single species may have different varieties, there are no organisms in the transition stages that show characteristics such as shared features between two different species. For example, if human evolved from the apes, there should be some existing ape like human in the process of evolving into humans. On the contrary, contemporary apes are different from humans with no entities in the transitional stages (Camp, 2006). Another reason why macroevolution is an invention by scientists is failure of experiments in the lab. Scientists have carried out experiments using rapidly reproducing organisms such as fruit flies in an attempt to produce better species. Such experiments have failed even with use of