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Unemployment
Word count: 619 | Approximate pages: 3
In industrialized countries in which most people can earn a living only
by working for others, being unable to find a job is a serious problem. Because
of its human costs in deprivation and a feeling of rejection and personal
failure, the extent of is widely used as a measure of workers'
welfare. The proportion of workers unemployed also shows how well a nation's
human resources are used and serves as an index of economic activity. Economists
have described the types of unemployment as frictional, structural, and cyclical.
The first form of ....
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