Full employment
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 An economic situation in which there is no cyclical unemployment. uncountable
"... not at the time recognized that this was a basic departure from the Keynesian view in which both of these full employments were regarded as identical."
- 2 the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed wordnet
Example
More examples"... not at the time recognized that this was a basic departure from the Keynesian view in which both of these full employments were regarded as identical."