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In: Economics

“Reaching full employment, where everyone who is available for work should be able to find a...

“Reaching full employment, where everyone who is available for work should be able
to find a job, is one of the main economic policy targets for the government.” Please
discuss.

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Expert Solution

Answer-Reaching full employment ,where everyone who is available for work should be able to find a job is one of the main economic policy targets of the government because reaching full employment means when all the resources in economic environment is used in very effective and in efficient manner, when all the resources also includes the labor who is available for work is also working in the industries with their efficient manner then all the resources available will also be utilized in proper manner which means there will be no overlapping and wastage of the resources .When everyone who is looking for the job will get the job than they will also contribute in the development of the nation,it will reduce the income enequality level among the citizens of the country ,it will also increase the affordability of workers to shift from the consumption of inferior goods to normal goods ,it will also reduce the poverty level of the citizens.that is why it is one of the main economic policy targets for the government.

Rahul Sunny answered 9 months ago
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