Examlex
Describe the EDP Era in your own words.
Private Market
A marketplace where transactions are made directly between two parties without government intervention, typically involving private property or assets.
Public Training Programs
Government-sponsored initiatives designed to enhance the skills and employability of individuals, often aimed at reducing unemployment or addressing skill shortages in the economy.
Frictional Unemployment
The short-term unemployment arising from the process of matching workers with jobs, often seen as a normal part of labor market functioning.
Sectoral Shifts
Changes in the economic landscape that cause resources to be allocated differently across various sectors of the economy.
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