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Give an Example of a Future Potential Technological Advance,and Explain

question 143

Essay

Give an example of a future potential technological advance,and explain how it would contribute to economic growth.


Definitions:

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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