Unemploymentunemployment refers to a situation where people, Ask an Expert

Economics

Unemployment:

Unemployment refers to a situation where people who are willing and able to work do not find jobs at the existing wage rate.For a person to be referred to as unemployed he or she must be qualified for a job, willing to work at the current wage rate and unable to find a job.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9517093

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