Home » Economic Terms Dictionary » Full Employment

Definition Of Full Employment:

State of economy in which all eligible people who want to work can find employment at prevailing wage rates.
However, it does not imply 100 percent employment because allowances must be made for frictional unemployment and seasonal factors.

Other Definition Of Economic Terms:

General Equilibrium
General Equilibrium Theory
General Fertility Rate (gfr)
Generalized Preferential Tariff (gpt)
Generalized System Of Preferences (gsp)
Generation Jones

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