full employment - Meaning in Kannada
full employment - Meaning in Kannada
noun
- +1
Definitions and Meaning of full employment in English
full employment noun
- the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed
Description
Full employment is an economic situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional, may remain. For instance, workers who are "between jobs" for short periods of time as they search for better employment are not counted against full employment, as such unemployment is frictional rather than cyclical. An economy with full employment might also have unemployment or underemployment where part-time workers cannot find jobs appropriate to their skill level, as such unemployment is considered structural rather than cyclical. Full employment marks the point past which expansionary fiscal and/or monetary policy cannot reduce unemployment any further without causing inflation.
Also see "Full employment" on WikipediaAlso See
What is another word for full ?
What is another word for employment ?
Sentences with the word employment
What is full employment meaning in Kannada?
The word or phrase full employment refers to the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed. See full employment meaning in Kannada, full employment definition, translation and meaning of full employment in Kannada. Learn and practice the pronunciation of full employment. Find the answer of what is the meaning of full employment in Kannada.
Other languages: full employment meaning in Hindi
Tags for the entry "full employment"
What is full employment meaning in Kannada, full employment translation in Kannada, full employment definition, pronunciations and examples of full employment in Kannada.