Lay People Often Define Unemployment as When There Are People

question 50

Essay

Lay people often define unemployment as when there are people out of work. How do economists define unemployment?

---

Definitions:

External Attribution

The process of attributing the cause of one's own or others' behavior to external factors or situations.

Consistency

The quality of being uniform, stable, or unchanging over time, often considered important in areas like behavior, policy, and product quality.

Distinctiveness

The quality or state of being different or unique compared to others.

Consensus

General agreement or collective opinion among members of a group, often reached after discussion and negotiation.