To explain:
How do changes in the
Concept Introduction:
Unemployment: When the people are willing and able to work at the market wage rate, but are not getting work, then this situation in the economy is called as unemployment. Unemployment is basically used to measure health of any economy.
Economic Recession: The prior stage of depression is said as recession, in this stage there is slow down all through the economy that is in stock market, house good market as well as there is increase in unemployment.
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