Examlex
Managers can improve efficiency and effectiveness in a company's value chain by analyzing
Employment
The condition of having paid work.
Unemployment
The situation in which individuals who are capable of working and actively seeking a job are unable to find employment.
Full Employment
Full employment refers to a situation where all available labor resources are being used in the most efficient way possible, with no involuntary unemployment.
Equilibrium GDP
The level of Gross Domestic Product at which the total quantity of final goods and services produced equals the total quantity demanded.
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