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Unemployment
The situation when individuals who are able and willing to work cannot find employment, often measured as a percentage of the labor force.
Inefficient
Lacking in productivity and not making the best use of resources, resulting in wasted effort or economic inefficiencies.
Production Possibilities Frontier
A curve depicting the maximum achievable levels of two or more products given a fixed amount of resources.
Efficient Levels
Optimal production or operation points where resources are used in the most effective manner without waste.
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