What do you understand by the concept of full employment does it refer to a situation of zero unemployment?
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Answer: Mainly The condition in which virtually all who are able and willing to work are employed is known as full employment.
It can be taken as there is no any person who is willing but not employed.
so, it also refers to zero unemployment
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A lot of people think full employment means that no one is unemployed, but that is not how economists use this term. ... Therefore, the term full employment refers to a situation in which there is no cyclical unemployment. By contrast, zero unemployment would mean that there is no structural or frictional unemployment.
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