Examlex
_________________ refer(s) to methods in mining and processing understood to be the most efficient and safest available at the current time.
Full Employment
Refers to a situation in the economy where all available labor resources are being used in the most efficient way possible.
Unemployment Rate
The proportion of the overall workforce that is not employed but is actively looking for work and ready to take on a job.
Economic Growth
An increase in a country's capacity to produce goods and services, reflected over time in a rise in the national income and standard of living.
Production Possibilities Curve
A graphical representation showing the maximum quantity of goods and services that can be produced within an economy given available resources and technology.
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