Examlex
The direction of the current I in a metal wire is the same as the direction of the internal electric field in the wire but it is opposite to the direction the electrons are moving.
Full Employment GDP
The level of gross domestic product achieved when there is no cyclical unemployment in the economy, representing an ideal economic state where all willing and able workers find employment.
Economic Problem
When we have limited resources available to fulfill society’s relatively limitless wants.
Unemployment
The situation in which individuals who are capable of working and actively seeking employment are unable to find a job.
Inflation
A rise in the general level of prices of goods and services in an economy over a period of time.
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