On the other hand structural unemployment occurs mostly due the changes in the economy, which results in downsizing in organizations and restricting the workers from the work available due to lack of knowledge or not up to date knowledge.
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These characteristics are, all the firms should be selling the same or identical products. To fulfil or overcome that deficit in the budget, the governments borrow money or take loans from other nations or international financial institutions like the world bank and IMF thus increasing the national debt.
What happens to the exchange value of those foreign currencies, in terms of U. As a unit of account money provides valuable information and helps in decision making. Why will neither creditors nor debtors lose from inflation if it is correctly anticipated. Also in our service you can apply at any time and be assured that we will not refuse.
Factors like patents, limited access to resources and large start up cost discourages companies to enter the market.
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Why might a job retraining program be a more useful policy to address structural unemployment than to address frictional unemployment. Another factor is the technological advancement which, if adopted, will result in increased prices, or it can also result in a reduction of the production prices and increasing demand.
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