In: Economics
What can deduce from a country's economy who has high female illiteracy rate and high female unemployment rate? What are the effects on development rate and economic growth?
it can be mentioned that is the country has high female literacy rate and female unemployment rate then the country is a male dominated country where female education and employment are not considered as a worthwhile sources for the economy where women are restricted to their homes itself and remain dependent for the rest of their lives. This is indeed considered as a thoughts of backwardness where the effects on development rate and economic growth are very high and this is because the number of working individual to that of dependents would have a vast difference where there can be a case that a person has to feed 3 to 4 people and due to the less participation of the workforce the production levels are less due to less employment and literacy the productivity is less due to the less investment in the research and development as a result of which the economic growth can be hindered over time all in all and that is the reason why it has to be mentioned that female employment and literacy are also the main factors that contribute to economic growth and this can be seen in many countries like Sweden etc