Concept information
Preferred term
unemployment
Definition
- UNEMPLOYMENT IS A situation in which there are a greater number of people willing to work for a prevailing wage than there are jobs being offered. As such, unemployment can be economically described as a surplus in the labor market. [Source: Encyclopedia of World Poverty; Unemployment]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/unemployment
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