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What is Employment and Unemployment?
Employment and Unemployment:
Employment:
It is the number of people working within the economy.
Unemployment:
It is the number of people who are actively seeking work but aren’t presently employed.
The labor force is equivalent to the sum of unemployment and employment.
Are patterns of trade a problem? Generalising Less Developed Countries have a comparative advantage into primary products and employment intensive manufacturing; Developed Cou
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use of linear programming in decision making
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