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24 April, 14:59

What does full employment mean?

There is no cyclical unemployment.

Approximately 80 percent of people have jobs.

Every person who wants to work has a job.

Those who want to work have full-time jobs.

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  1. 24 April, 15:08
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    Full employment mean that There is no cyclical unemployment.

    Cyclical unemployment refers to the unemployment that happen following the rise and fall of the Economic growth within a certain regain.

    The only way full employment could happen is if all available resources (from material to labor) are being used in the most efficient way possible.
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