Full employment is a situation in which _______

Assessment: JAMB UTME - Economics - 2021 Subject: Economics

Question 1 Report

Full employment is a situation in which _______
Answer Details
Full employment is a situation in which all those who are able and eligible to work can find employment, i.e., the level of unemployment in the economy is very low, and the economy is operating at or very close to its maximum potential output. It does not necessarily mean that every adult is employed or that only the disabled are not employed, as there may be other reasons why someone may not be seeking employment, such as personal choices, retirement, or full-time education.
Read lesson note on Population And Labour Market (WAEC)
View Answer

Related Questions

1

A firm is at its optimum size when ___________
2

The petro-chemical industries are located in Rivers State of Nigeria due to ________
3

Mono production economies are those that____
4

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a Visa for a period of ________
5

This table illustrates the law of _________
6

Petroleum 'glut' in international trade means______
7

Retailers in an economy perform the function of ______
8

Pricing and Output decisions of sellers are highly inter-dependent in markets known as _________

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning