The economic effect of unemployment on the nigeria economy (a case study of nnewi north l.g.a. in anambra state).

Project Abstract

<p> </p><p>The research was carried out to find out the problems and prospects of managers in a business organization.</p><p>The research was designed out in three chapters (i.e. introduction, literature review and conclusion).</p><p>Chapter one is made up of general background, the problem, the study will be concerned with and the importance of study this project and also some important terms, which were defined.</p><p>Chapter two described the literature review of the subject matter. It made up of the origin of the case of study, different methods of study, the problems and the schools of thought which we got through research of various books that related to the subject matter.</p><p>Chapter three, which is the concluding chapter, comprises of data presentation, analysis of data and recommendation. In the course of collection of data used in chapter three, questions and interview were granted to some people who are working at the company in focus questionnaire were shared for data collection to those who were not disposed for interview.</p><p>Under the analysis of data, percentages were used.</p><p>Conclusion takes an overview of the whole work by giving some oriented recommendation.</p><p>Finally, the following findings were deduced, the data analysis, management of Nnewi North Local Government employs quality staff, sends their staff or workers on training but most managers do not delegate their duties to subordinates. Socio-cultural factor is a contributive factor to the problems of managers in the company.</p> <br><p></p>

Project Overview

<p> </p><p>1.1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<strong>GENERAL BACKKGROUND OF UNEMPLOYMENT</strong></p><p>The Advanced Learners Dictionary defined unemployment as the amount of labour unused. When a factor of production is not doing any job, we say it is unemployed. In this project, we concentrate mainly on the effect of unemployment in Nigeria economy in particular, emphasis on labour which is the most important and active factor of production which simply means that without labour, all other factors will not be put into practice. Then all other facts are regarded as passive factors of production.</p><p>Unemployment is a dangerous phenomenon to an industrialized economic system further primitive communities in Nigeria were usually self-sufficient and had not unemployment problem, though, they had to accept very low standard of living. The people share work that had to be done and any spare time was enjoyed as leisure. There is still little unemployment in Nigeria engaged in the production of primary products though these communities may suffer a general reduction in their products fall in the world market. Often we advocate for industrialization as a penance to unemployment problem, but in as much as that, it is true that it is also very important to know that this industrialization coupled with the division of labour and specialization bring along with them this various problem called unemployment to industrial progress, how wonder it was the leading industrial nations that were the first to introduce schemes of social security.</p><p>This ugly and nerve cracking cankerworm which has right from time been reining its disastrous head in the blood stream of the general populaces of the world has been a thing of concern to great philosopher of economist and socialist of the olden days. This has made them to come out with concepts, ideals, theories and beliefs all trying to recommend a drug for this disease called unemployment.</p><p>Anyaele (1995:214) stated that unemployment may be defined as a situation where some people who fall within the age of the working population, capable and willing to work but are unable to obtain the fitting work to do.</p><p>1.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<strong>PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER</strong></p><p>Anyaele (1995:214) stated that the problem is becoming chronic without solution being in sight. It has constituted itself into one of the worst enemies of the populace in this part of the world. That the problem unemployment has</p> <br><p></p>