Examlex
The word resorption means
Structural Unemployment
Structural unemployment occurs when there is a mismatch between the skills workers possess and the skills needed by employers, often due to technological changes or shifts in the economy.
Marketable Skills
Abilities or proficiencies that are in demand by employers and can be utilized for economic gain.
Wage Rates
The amount of money paid to employees for their labor, usually expressed on an hourly, daily, or piecework basis.
Cyclical
Referring to fluctuations in economic activity that occur in cycles, often related to changes in business conditions.
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