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- Economics Terms A-Z
- Posted 1 month ago
Unemployment
Unemployment refers to the people of a country or region that are currently without a job and seeking employment. It is one of the main economic indicators given that low unemployment rates are associated with high levels of production and economic growth, and are consequently a key concern for economists and policy makers alike.
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- Economics Terms A-Z
- Posted 10 months ago
Utility Maximisation
Individuals derive utility from the consumption of goods and services, and choose these so as to maximise their utility under any given budget.