i) Frictional Unemployment The function of labour market is to match available jobs with available workers. If all jobs and workers were the same‚ or if the set of jobs and workers were static and unchanging‚ this matching process would be quick and easy. But the real world is more complicated. In practice‚ both jobs and workers are highly heterogeneous (non-uniform). Jobs differ in their locations‚ in the skills they require‚ in the working conditions and hours‚ and in many other ways. Workers
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independence from British colonial rule in 1980 to an economic crisis that reached its climax in the years 2006-2008 and that had far-reaching effects into almost every sector of the economy and a world topping unemployment rate of over 95% according to the CIA World Factbook (2012). The unemployment rate is the proportion of the economically active population that is unemployed and actively looking for employment (Hussmanns‚ 2007). In 1990‚ Zimbabwe embarked on a program of Economic Reforms popularly
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* HOLIDAY ASSIGNMENT “Business studies” A TOOL TO SOLVE THE PROBLEMS OF YOUTH UNEMPLOYMENT IN NIGERIA. Definition of unemployment Unemployment is define as a situation in which person of working age‚ able and willing to work are unable to find paid employment. Which results to joblessness‚ an unemployment can be simple explained as a situation whereby‚ people who are available‚ capable of working and qualified by age to work but could not find job (employment).
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and clothing. Unemployment rates are on the rise and unemployment is becoming a leading issue in America after the economic recession the country has been facing in recent years. Because employment is the standard means for earning a salary to afford the basic needs to live‚ job cuts have serious repercussions. There are different causes of unemployment‚ many effects on unemployed individuals and the individual’s family‚ and numerous statistics that show the rise of unemployment rates as well as
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Change Is Inevitable Change is what it is. It can either mean progress or catastrophe for any one person. It is how the person experiences it‚ that gives change a good or bad meaning. Change can be very hard to attain‚ but if we learn how to engage all six sources of influences and the basic tools for manifesting‚ we will be able to succeed in making a change. Last year was my first year in college. I had just graduated from high school and was eager to see what college would be like. Before
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UNEMPLOYMENT PROBLEM Introduction Spain unemployment figure had hit up to 5 million people mark in the last quarter of 2011. The National Statistic Institute measure from 4.9 million in the third quarter to 5.3 million people is jobless at the end of December. This rate rose from 21.5% in the third quarter to 22.8%‚ one of the highest rates in nearly 17 years. Spain has already hit one of the highest rates in the 17-nation eurozone and is expected to step back to recession. This impact hit
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Is Communication Inevitable? October 30‚ 2013 Is Communication Inevitable? What is communication? There are many meanings that can be given to communication. People always give their own meaning for communication. Communication is like a double-acting hinge‚ swinging outward to release your own ideas and swinging inward to receive the worthy thoughts of others. (Huish‚S.) Communication is the process by which a person‚ group‚ or organization transmits some type of information to another
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Unemployment refers to the number of people in an economy who are willing and able to work‚ but are unable to get a job. Some effects on the economy are that individuals need to satisfy their needs before their wants‚ therefore decreasing their standard of living. Businesses will have to cut prices in order to sell their products. By cutting prices this leads to sometimes negative profits. If this happens to a business constantly the business will go out of business which will lead to an increase
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TYPE OF UNEMPLOYMENT There are four type of unemployment that are: 1. Frictional unemployment This type of unemployment is temporary. There are three main groups that belong in this type of unemployment. i. People who look for a job for the first time such as fresh graduate and school leaver. ii. Re-entrants or people who quit their job to rest but want to work again. For example‚ a house wife who quit her job to raise her children and rejoin the labour force again when the children are all
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1 Is War Inevitable? The modern human mind has sought to present findings and evidence that would lead to some form of an indication or conclusion regarding the inevitability of war through the multifarious fields of science and technology; anthropology; political science; economics; psychology (both humanist and evolutionary); and cultural studies. The general perception for most people – gauged through academic surveys and Social Networking websites – is that the innate biological tuning
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