Examlex
Why might acquaintances prove to be more important in the job search process than our family and friends (as is argued in the "strength of weak ties" thesis)? Make sure you discuss how/why embeddedness matters.
Unemployment
A situation where individuals who are capable of working and willing to work are unable to find suitable employment.
Economic Improvement
The increase in overall economic health, usually marked by factors such as GDP growth, higher living standards, and reduced poverty rates.
Frontier
In economic terms, the frontier represents the maximum production capacity or efficiency that can be achieved with the current technology and resources.
Economic Inefficiency
A situation where resources are not allocated optimally, leading to waste or an outcome where potential gains are not fully realized.
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