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The Unemployment That Results from the Process of Matching Workers

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The unemployment that results from the process of matching workers and jobs is called structural unemployment.


Definitions:

Specific Knowledge

Specialized information, skills, or expertise that is particular to a specific job, task, industry, or field.

Types of Products

Various categories of goods or services available in the market, distinguished by characteristics, uses, or target consumers.

Geographical Sales Organization

A sales force structure where sales territories are divided and managed based on geographical regions to better meet local market needs.

Specialized Knowledge

Expertise or skills in a specific field or area, often requiring extensive training or experience.

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