What is Full Employment?
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What is Full Employment?

What is Full Employment?
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What is the Definition of Full Employment? Or, What is Meant by Full Employment?
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Full Employment refers to a situation when all those who are able to work and are willing to work (at the existing wage rate) are getting work.

It is a situation when, corresponding to a given wage rate, demand for labour = supply of labour, and the labour market is cleared (it is in a state of equilibrium).

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