Unemployment: meaning and example
English
Unemployment
The state of being jobless and looking for a job.
“Governments often launch programs to reduce unemployment rates.”
From the free BrainPod Economics I.
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More words from Economics I
Supply
The total amount of a product or service available for purchase.
Demand
The desire of consumers to buy a product or service.
Inflation
The rate at which the general level of prices for goods and services is rising.
GDP (Gross Domestic Product)
The total value of all goods and services produced in a country over a specific time period.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months.
Interest Rate
The amount charged by a lender to a borrower for the use of assets.
Budget
An estimate of income and expenditure for a set period of time.
Investment
The action or process of investing money for profit.
