Concept information
Preferred term
employment theory
Definition
- THE GREAT DEPRESSION of the 1930s in the United States and Europe presented an economic dilemma: classical economic theory, which held that employment levels would be maintained if supply matched demand, did not prove to be true. Unemployment was rampant and persisted through several years of that decade. [Source: Encyclopedia of World Poverty; Employment Theory]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/employment_theory
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