Tuesday, 23 April 2024, 8:56 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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UnemploymentUnemployment refers to those people who are willing and able to work, i.e. they are potentially active, but cannot find a job. |
Unitary Elastic DemandUnitary elastic demand exists when the change in the price is matched by an equally proportional change in quantity demanded. |