What is the normal situation of full employment in a free market economy according to traditional economist ?
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Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. ... True full employment is an ideal—and probably unachievable—situation in which anyone who is willing and able to work can find a job, and unemployment is zero.
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Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. ... True full employment is an ideal—and probably unachievable—situation in which anyone who is willing and able to work can find a job, and unemployment is zero.
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