Question

the achievement of full employment is a sufficient condition for the achievement of economic growth evalute

Answer 1

Full employment involves Zero or very low unemployment. The closest rate to full employment is 3% as suggested by Economists. The main reason why full employment is a sufficient condition for the growth of economy is because it reduces various Social and Economic costs caused by unemployment,

such as unemployment benefits, Lower Tax revenues and even social problems including crime, vandalism, poverty etc.

It will aslo reduce the borrowing of the government and since the unemployed gained work, they will increase the spending, causing Economy to grow rapidly.

Answer 2

Full employment is a sufficient condition for economic growth:

Full employment is a system where all the people are willing to work for a fair wages. The full employment comes with some unemployment for the part-time workers. The economy of all the countries try to achieve the full employment because it gives maximum output. This is because the labors and capitals are utilized to the fullest.

The full employment is not a achievable because of frictional, structural and voluntary unemployment. The full employment indicates demands but not increase in output or employment.