Question
Full employment is a situation where
Answer: Option C
Answer: (c)
Full employment refers to a situation in which every able-bodied person who is willing to work at the prevailing rate of wages is, in fact, employed.
It implies an absence of involuntary unemployment which occurs when those who are willing to work at the going wage rate do not get work.
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Answer: (c)
Full employment refers to a situation in which every able-bodied person who is willing to work at the prevailing rate of wages is, in fact, employed.
It implies an absence of involuntary unemployment which occurs when those who are willing to work at the going wage rate do not get work.
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