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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Ajax

13 May, 18:07

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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Camden Stein · Answer 1

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.

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.

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.