Economics Dictionary of Arguments

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 Full Employment - Economics Dictionary of Arguments
 
Full employment: Full employment in economics refers to a situation where all available labor resources are being used efficiently, meaning that unemployment exists only as frictional or voluntary unemployment. It does not imply zero unemployment but rather the absence of cyclical unemployment. Full employment is associated with the natural rate of unemployment, where the economy operates at its productive potential without generating excessive inflation. See also Unemployment, Economy, Inflation, economic growth.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
 
Author Item    More concepts for author
 
Kaldor, Nicholas Full Employment   Kaldor, Nicholas

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Ed. Martin Schulz, access date 2026-06-08