Examlex
How have information communication technologies changed how government services are delivered?
Economic Goal
Objectives that societies or governments aim to achieve to ensure long-term sustainable prosperity.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, typically with low unemployment.
Cyclical Unemployment
The component of overall unemployment that results from economic recessions or expansions, directly correlating with the cyclical trends in the growth of the economy.
Structural Unemployment
Employment decline due to the transformation of the industrial landscape, primarily influenced by technological progress, rather than changes in demand or supply dynamics.
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