Examlex
During this phase of design thinking, ideas generated through the ideation process are transformed into concrete actions.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing to invest in one option over another.
Reducing Unemployment
The act of implementing policies or actions by governments or businesses to decrease the number of unemployed individuals in the economy.
Phillips Curve
An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment in an economy.
Unemployment Rate
The quantum of the working population that is job-free and in active search of employment.
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