difference between employment and unemployment
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Difference Between Full Employment &Unemployment. The economic health of a country is affected by itsemployed and unemployed workers. ... Full employment occurs when all labor resources are used to put people to work. Unemployment exists when willing workers cannot find jobs.
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Answer: Difference between employment and unemployment
Explanation: Unemployment is a regularly used term and normally refers to those who are ‘out of work’. The unemployed include all those who are able and willing to work but cannot find work.
Full employment refers to a situation in which every able bodied person who is willing to work at the prevailing rate of wages. Alternatively, it is a situation when there is no involuntary unemployment.
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