Examlex
Why is the demand in business-to-business markets mostly inelastic?
Structurally Unemployed
Unemployment that occurs due to shifts in the economy that create a mismatch between the skills of the workforce and the needs of the employers.
Frictionally Unemployed
Individuals temporarily out of work while transitioning between jobs, typically a healthy phenomenon in a dynamic economy.
Electrical Engineer
A professional who designs, develops, tests, and supervises the manufacturing of electrical equipment and systems.
Sectoral Shifts
Sectoral shifts refer to changes in the labor demand across various industries or sectors of the economy, often due to technological advances, consumer preferences, or other factors.
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