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52 Cards in this Set
- Front
- Back
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Def of unemployement |
Is the total number of people who are within the working age actively looking for a job but cannot find one |
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Def Working age |
Between the ages of 18-64 |
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What’s participation rate |
Is the proportion of who are economically active and form the labour force |
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What’s labour face |
Is the total amount of people who are able to work in a country of an area |
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Factors affecting labour participation rate |
1) water paid. High wages attract people to work and increase participation rate 2) school learning, such as high education. If people are seeking for high education this may reduce the size of labour force in the short run. 3) cost of childcare and elderly care. If the childcare and elderly care is expensive, households memebers will have to stay home and take care of them. This will decrease the size of labour force. 4)social attitude towards women and disabled. If a society in a country beloved women should stay home and take care of the children. This will decrease the size of labour force |
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Factors affecting size of labour forse |
1) immigration and emigration. People coming within the country to look for jobs 2) population. A high birth rate will increase te labour force 3) retirement age. An early retirement age will reduce the size of labour force 4) state of an economy. In a developed country, the size of labour force will be high |
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Def of employment rate |
The percentage of working age in employment |
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Formula of employment rate |
Employed/ labour force x 100 |
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Positive consequence of unemployment |
1) unemployment lowers the cost of employment. Since it reduces wages 2) discipline at work. Workers will be more discipline to due job security. 3) wider choice of employment. Able to employ only people with very high skills |
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Negative effects of unemployment |
1) this will cause a fall in the household’s Income. This will increase poverty since households will not be able to pay 2) divorces may increase as the won’t be able to support their family 3) increase in crime. Prositutioj 4) loss of job experience and training 5) increase in the government burden in paying unemployment benefits |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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What’s frictional unemployment |
This is the unemployment which occurs when people are switching jobs from one to another. It’s the shortest form of unemployment |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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What’s frictional unemployment |
This is the unemployment which occurs when people are switching jobs from one to another. It’s the shortest form of unemployment |
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What’s seasonal unemployment |
This unemployment occurs when individual remain unemployed during a certain season of the year. Such as tourist guides |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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What’s frictional unemployment |
This is the unemployment which occurs when people are switching jobs from one to another. It’s the shortest form of unemployment |
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What’s seasonal unemployment |
This unemployment occurs when individual remain unemployed during a certain season of the year. Such as tourist guides |
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What’s casual unemployment |
This is the unemployment which occurs after completing a certain work and paid for it. Such as a technician |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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What’s frictional unemployment |
This is the unemployment which occurs when people are switching jobs from one to another. It’s the shortest form of unemployment |
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What’s seasonal unemployment |
This unemployment occurs when individual remain unemployed during a certain season of the year. Such as tourist guides |
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What’s casual unemployment |
This is the unemployment which occurs after completing a certain work and paid for it. Such as a technician |
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What’s structural unemployment |
This type of unemployment occurs when people lack skills to work in a particular sector. Such as move from the agricultural sector to the industry sector |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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What’s frictional unemployment |
This is the unemployment which occurs when people are switching jobs from one to another. It’s the shortest form of unemployment |
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What’s seasonal unemployment |
This unemployment occurs when individual remain unemployed during a certain season of the year. Such as tourist guides |
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What’s casual unemployment |
This is the unemployment which occurs after completing a certain work and paid for it. Such as a technician |
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What’s structural unemployment |
This type of unemployment occurs when people lack skills to work in a particular sector. Such as move from the agricultural sector to the industry sector |
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What’s a cyclical unemployment |
This is caused by a fall in the AD. If an economy goes through recession, demand of labour is likely to fall and cyclical unemployment will occur |
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List types or causes of unemployment |
1) frictional unemployment 2) seasonal unemployment 3) casual unemployment 4) structural unemployment 5) cyclical unemployment |
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What’s frictional unemployment |
This is the unemployment which occurs when people are switching jobs from one to another. It’s the shortest form of unemployment |
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What’s seasonal unemployment |
This unemployment occurs when individual remain unemployed during a certain season of the year. Such as tourist guides |
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What’s casual unemployment |
This is the unemployment which occurs after completing a certain work and paid for it. Such as a technician |
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What’s structural unemployment |
This type of unemployment occurs when people lack skills to work in a particular sector. Such as move from the agricultural sector to the industry sector |
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What’s a cyclical unemployment |
This is caused by a fall in the AD. If an economy goes through recession, demand of labour is likely to fall and cyclical unemployment will occur |
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Name ways of measuring unemployment |
1) claimant count 2) ILO ( international labour organisation) survey |
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What’s claimant count |
This measures the number of unemployed who claim unemployment benefits |
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What’s claimant count |
This measures the number of unemployed who claim unemployment benefits |
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Advantages of claimant count |
1) it’s faster and saves time . Since government already has the total number of people who receive unemployment benefits 2) it’s cheaper. Since records are already available to the government |
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What’s claimant count |
This measures the number of unemployed who claim unemployment benefits |
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Advantages of claimant count |
1) it’s faster and saves time . Since government already has the total number of people who receive unemployment benefits 2) it’s cheaper. Since records are already available to the government |
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Disadvantages of Claimant count |
1) data may not be accurate since it may not be up to date 2) it might not include those who are employed but illegally receive unemployment benefits 3) might also exclude people who are unemployed but don’t receive unemployment benefits. This is due to lack of information. |
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What’s ILO |
This is a survey to determine the total number of unemployed in the soviet by ILO |
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Adv of ILO |
1) more accurate since data is up to date |
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Adv of ILO |
1) more accurate since data is up to date |
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Disadvantages of ILO |
1) it’s expensive and time consuming. Since it involves employing and training worker to conduct surveys 2) research method can fail to provide accurate info. This is due to poor sampling since people may not be truthful when answering the questions |
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Adv of ILO |
1) more accurate since data is up to date |
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Disadvantages of ILO |
1) it’s expensive and time consuming. Since it involves employing and training worker to conduct surveys 2) research method can fail to provide accurate info. This is due to poor sampling since people may not be truthful when answering the questions |
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What’s natural rate of unemployment |
Non accelerating inflation rate of unemployment |
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Name methods of reducing unemployment |
1) providing subsidies to encourage production and employment 2) reduce unemployment benefits to encourage People to work for jobs 3) increase education and training in this way people may learn the skills necessary to get a job. This will help reduce structural unemployment 4) government cab increase labour mobility and encourage firms to move to areAs of high unemployment 5) government should increase aggregate demand, for example reducing income tax and increasing its expenditure |
