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InterviewSolution
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What is meant by full employment? What is the meaning of Structural Unemployment and Technical Unemployment? |
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Answer» Full employment signifies” a situation in which all those who are willing to work at the current wage rate are able to get work. In other words, full employment means absence of involuntary unemployment. Structural unemployment: Unemployment which arises due to structural changes in the economy is called as structural unemployment. Technical unemployment: Unemployment which arises due to changes in the techniques of production is known as technical unemployment. |
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