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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