Flashcards in Unemployment Deck (12)
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1
Q
Employment
A
Work people do in an economy
2
Q
Ideal situation
A
Everyone has job that meets their own needs + fits economy’s needs
3
Q
States of employment
A
Full time Part time Self - employed employed private sector public sector skilled
4
Q
Participation rate
A
Prepared for work / within working age range x 100%
5
Q
Depends on
A
Facilities that enables special group to work
training
social attitudes
6
Q
Unemployment
A
People want to find job but can’t find one
7
Q
criteria
A
No job, seek job for 4, can work in 2
No job, found one, will start in 2
8
Q
Causes
A
Temporary Seasonal technological frictional structural cyclical
9
Q
workers
A
Lack of self worth
No money
Benefits of being workforce
10
Q
community
A
crime rate
lack recreational
11
Q
Business
A
less demand
less money to spend
sack workers
12
Q
Government
A
less tax
spending rise
bigger deficit