Modern trends in unemployment
Ibraim Didmanidze, Chachanidze Guram, Manana Didmanidze, Tengiz Didmanidze
Abstract
Open-access reader
Ibraim Didmanidze, Chachanidze Guram, Manana Didmanidze, Tengiz Didmanidze
Abstract
Open-access reader
Unemployment is an integral part of a market economy. This means that the inevitable feature of a market economy is the existence of a certain level of unemployment, despite the fact that unemployment is one of the visible indicators of macroeconomic instability in the country. Unemployment causes macroeconomic instability precisely when the level of actual unemployment exceeds the set natural limit.
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Unemployment is an integral part of a market economy. This means that the inevitable feature of a market economy is the existence of a certain level of unemployment, despite the fact that unemployment is one of the visible indicators of macroeconomic instability in the country. Unemployment causes macroeconomic instability precisely when the level of actual unemployment exceeds the set natural limit.
Key concepts: Unemployment, Economics, Full employment, Misery index, Labour economics, Instability, Keynesian economics, Macroeconomics