How Capitalism Contributes Towards Unemployment Essay

This business proposal will address the idea of unemployment as a social problem in today’s society. How capitalism contributes towards unemployment is an issue that has been around since the 2007 recession and continue to be an issue for the foreseeable future. A business idea to help move in the right direction and hopefully start to lower the unemployment rate in New Zealand is to start a market where people who are unemployed and willing to work can sell food and generate income for themselves and their families. A PESTEL analysis about the environment this market will be entering will need to be conducted with a key focus on the economic, social and legal aspects as these are the three that have the largest effect on the business. This business idea will hopefully be able to develop and the business will be able to create more markets throughout New Zealand in the future, therefore being able to reach a larger number of people to try and decrease the unemployment rates. Unemployment is unfortunately a large social problem in society today. Being unemployed can mean that people are unable to pay rent or feed their family; two things that are essentially vital to living. When a large amount of people are unemployed, it has extensive economic and social effects, including homelessness. Jackson Crooks quote that ‘you don’t live when you are unemployed-you exist’. Being unemployed can lead to not only financial stress but can lead to increased social isolation, crime andShow MoreRelatedStakeholder Capitalism Vs. Shareholder Capitalism1573 Words   |  7 Pageswas the use of capitalism since the last couple of decades. There were two separate types or levels of capitalism that were used in American society, which was capitalism 2.0 and capitalism 3.0. In the 1940s the beginning of capitalism 2.0 otherwise known as stakeholder capitalism. 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