4.6.1 Definition of employment, unemployment, & full employment
Topic 4.6.1 - Definition of employment, unemployment, and full employment This section of the Cambridge IGCSE Economics (0455) syllabus requires students to be able to define employment, unemployment, and full employment. Employment refers to the utilisation of an economic resource. In terms of labour, this means the use of labour services in the production of goods or the provision of services. In the everyday...