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Give an example of a future potential technological advance,and explain how it would contribute to economic growth.
Re-recruiting
The process of engaging and hiring former employees or candidates who were previously considered for employment to leverage their skills and experiences.
Tight Labour Market
A market condition characterized by low unemployment and high job vacancies, giving employees more leverage to demand higher wages and better conditions.
Low Unemployment
Low unemployment refers to a condition where a low percentage of the workforce is without work but actively seeking employment, indicating a healthy economy.
High Unemployment
A situation where a large portion of the workforce is not engaged in employment, often measured by the unemployment rate.
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