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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Define full employment. - Economics

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Question

Define full employment.

Definition
Short Note

Solution

Full employment refers to a situation in which every able-bodied person who is willing to work at the prevailing wage rate, is employed. In other words, full employment means that persons who are willing to work and able to work must have employment or a job.

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Introduction to Full Employment
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Chapter 3: Theories of Employment and Income - Model Questions [Page 50]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 3 Theories of Employment and Income
Model Questions | Q 21. | Page 50
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