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CHAPTER ONE
INTRODUCTION
The advance learners dictionary defines unemployment as the amount of labour unused. When a factor of production is not doing any job we say it is unemployed. Furthermore, unemployment can also be seen as the stage where people who are qualified, available, capable and willing to work but cannot find a job to do. In this project, we are going to concentrate mainly on the effect of unemployment on the 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 of production, will be regarded as dormant.
GENERAL BACKGROUND OF UNEMPLOYMENT
Unemployment is a dangerous phenomenon to an industrialized economy system. Before now, primitive communities in Nigeria were to a large extent self sufficient and had not very low standard of living as the people share the work that has to be done and any spare time was enjoyed as leisure.
Nigeria people engage in the production of primary product, though these communities may suffer a general reduction in their production in the world market.
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