Download Unemployment: The Scourge of Nations [Paperback] [2005] (Author) Dragan Christov PDF, azw (Kindle), ePub, doc, mobi

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How much of the unemployment represents people who would have had jobs at the equilibrium rate, and how much simply represents people who are reclassified but wouldn't have jobs in either case, depends on the elasticities of supply and demand in the labor market. A new domestic industry that has not had time to establish itself and achieve efficiencies in production, and therefore may be unable to compete with more mature competitor firms from abroad.

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Publisher: Coronet Books Inc. (2005)


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