ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Unemployment Some Policy Issues

In the short period, the scope for employment in any economy is defined by the amount and variety of the capital equipment that is available to co-operate with labour in producing the national output. There are, however, two ways in which employment may be increased even in the short run. First, the existing capital equipment can be used more intensively; factories may work more than one shift and machines may be worked longer hours. Second, a lot can be done to extend employment in old labour- intensive industries and to discover new areas of labour-intensive production.

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