Examlex
Explain Eric Erikson's stage of initiative versus guilt. Provide an example of initiative and an example of guilt as it is used by Erikson.
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.
Structural
Pertaining to the intrinsic, essential framework or construction of something, often used in contexts like structural reforms in economics or structural engineering.
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