Topic > Economic Case Study - 854

Regardless of a country's financial stability and attempts to reduce the chances of work equilibrium, a large number of people remain unemployed. This is mainly due to the bad economic policies adopted in several countries. In this case, most economists make policies by focusing on only one group of people. In modern economics, most economists focus on the effects of an economic policy on the target group of individuals. For example, policies that involve the recruitment of a particular group of professionals may pose a high risk of unemployment in other sectors if careful evaluation is not taken into account. This occurs especially when these policies aim to recruit highly paid professionals. Good economists must be able to determine the effect it would have on other low-paid workers. They must also design better means of acquiring the money that would be used to pay new recruits (Chafuen,