ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Inroduction;

Unemployment refers to a situation where the individual is willing to work but is unable to find a job.

An economy is said to be in full employment when each and every individual is able to find a job and all the available labor resources are used to the optimum.

however this is possible theoretically, but in practicality there exist some level of unemployment due to structural changes, technological changes etc.

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