full employment Meaning of "full employment"

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Definition(s):

  • (n) the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed

Usage(s):

  1. By that, he meant full employment of materials and machines as well as of men.
  2. Total outlay at all times must be sufficient for full employment.
  3. The answer was that full employment was only half the prize; the other half was full production.
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