![What is meant by the term full employment What is meant by the term full employment](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
What is meant by the term full employment
Full employment refers to a situation where all factors of production especially labour are fully utilized. It is also defined as a state where the labour force is fully utilized and the rate of unemployment is less than 2%.
Or
Full employment is the situation where all people who are available and searching for work can find a job at the prevailing remuneration rates and conditions.
CATEGORIES Economics
TAGS Dr. Bbosa Science