What Is Meant by Frictional and Structural Unemployment

question 205

Essay

What is meant by frictional and structural unemployment?

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Definitions:

Group Bonus

A group bonus is a monetary incentive given to a team or group of employees for achieving specific goals or performing at a high level collectively.

Group Structure

Refers to the way in which a group's members are organized, including roles, norms, and relationships that guide the group's function.

Structural Characteristics

The features and attributes that define the organizational, physical, or conceptual structure of an entity, influencing its behavior and functioning.

Potential Performance

The highest level of capability, output or success that an individual or organization could achieve under ideal circumstances.