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Cyclical Unemployment

Cyclical Unemployment Definition

The term is used to refer to the overall unemployment that takes place within a certain business cycle more particularly where cyclical trends in growth and production are concerned. To some economists, it is also considered as one of the five kinds of unemployment.


Additional meaning of Cyclical Unemployment:

The word is used to describe the overall unemployment factor concerning cyclical trends that take place within the business cycle in as far as growth and production is concerned. It is regarded as among the five kinds of unemployment that results from insufficiency of demands whereby additional labor is no longer necessary.





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