Unemployment

Essay specific features

 

Issue:

History

 

Written by:

Marcos K

 

Date added:

March 1, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 581

 

Was viewed:

7466 times

 

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Essay content:

Classical or neoclassical economics tends to reject these explanations, and focuses more on rigidities imposed on the labor market from the outside, such as minimum wage laws, taxes, and other regulations that may discourage the hiring of workers (classical unemployment). Yet others see unemployment as largely due to voluntary choices by the unemployed (frictional unemployment)...
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Yet others see unemployment as largely due to voluntary choices by the unemployed (frictional unemployment). On the other extreme, Marxists see unemployment as a structural fact helping to preserve business profitability and capitalism. Though there have been several definitions of voluntary and involuntary unemployment in the economics literature, a simple distinction is often applied...
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