UNEMPLOYMENT IS A situation in which there are a greater number of people willing to work for a prevailing wage than there are jobs being offered. As such, unemployment can be economically described as a surplus in the labor market. The ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles