July 2013
Beginner
256 pages
4h 53m
English
Content preview from Brilliant Economics
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Employment is one of the cornerstones of an economy. The more people are in work, the more money comes back to households in the form of wages and the more cash will circulate through the country’s shops, restaurants and entertainment centres. When unemployment rises and people lose their jobs, many families are forced to cut back on their spending and as a result more businesses will cut wages or employees – or even go bust – creating a vicious circle of further job losses, falls in spending and business failure.
This is why many governments set out achieving full employment and stimulating job creation as their top political goals. As a ...
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