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Define full employment. - Economics

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प्रश्न

Define full employment.

परिभाषा
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उत्तर १

Full employment refers to a situation in which every able-bodied person who is willing to work at the prevailing wage rate is employed. In other words, full employment means that persons who are willing to work and able to work must have employment or a job.

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उत्तर २

Full employment may be defined as the situation when all those individuals who are willing to work at the prevailing wage rate are getting work and are, in fact, employed.

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अध्याय 3: Theories of Employment and Income - Model Questions [पृष्ठ ५०]

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