Full employment/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A situation in which everyone in the labour force who is willing to work is employed, except for those who are moving from one job to another .) |
imported>Nick Gardner No edit summary |
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A situation in which | (i)A situation in which the number of [[vacancy (economics)|vacancies]] exceeds the numbers in [[unemployment]] (ii) the situation in which there is no [[unemployment]] except for [[frictional unemployment]] and [[structural unemployment]]. | ||
Latest revision as of 16:58, 20 August 2010
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Full employment [r]: (i)A situation in which the number of vacancies exceeds the numbers in unemployment (ii) the situation in which there is no unemployment except for frictional unemployment and structural unemployment.