Explain.the steps to reach at full employment level from under employment level
Dear Student,
Full employment level is a state when aggregate demand is equal to aggregate supply and every person who is willing to do job has job.
Steps to reach full employment from under employment level :
(i) Public investment and infrastructure : By public investment and infrastructure there will be more facilities like roads , water facilities, schools etc. This will lead to increase in the literacy level and more people will be eligible to do jobs .
(ii) Wage growth : With the increase in wage growth, more people will be encouraged to work and there will be increase in the level of employment in the economy.
Hope this information will clear your doubts on this topic.
If you have any more doubts just ask on the forum and our experts will try to help you out as soon as possible.
Regards
Full employment level is a state when aggregate demand is equal to aggregate supply and every person who is willing to do job has job.
Steps to reach full employment from under employment level :
(i) Public investment and infrastructure : By public investment and infrastructure there will be more facilities like roads , water facilities, schools etc. This will lead to increase in the literacy level and more people will be eligible to do jobs .
(ii) Wage growth : With the increase in wage growth, more people will be encouraged to work and there will be increase in the level of employment in the economy.
Hope this information will clear your doubts on this topic.
If you have any more doubts just ask on the forum and our experts will try to help you out as soon as possible.
Regards