Question

what do you mean by concept of full employment

Answer 1

full employment is a condition in which virtually all who are able and willing to work are employed

Answer 2

Hi friend,

In Economic concept, full employment refers to a situation in which every able bodied person who is willing to work at the prevailing rate of wages is , infact, employed. Alternatively , it is a situation when there is no involuntary unemployment...i hope it helps you

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