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_______ refers to a situation where a person is ready and willing to work at the prevailing wage-rate but doesn’t get work.
Poverty
Jobless growth
Unemployment
Discrimination
- Poverty: This refers to the state where individuals lack sufficient financial means to meet basic living needs like food, shelter, and clothing. It does not directly pertain to the availability of work.
- Jobless growth: This occurs when an economy grows in terms of GDP but doesn’t create enough jobs for those seeking employment. It's more about the broader economic conditions rather than individual work availability.
- Unemployment: This is the condition where individuals are willing and ready to work at the current wage rates but cannot find employment. It directly matches the situation described.
- Discrimination: This occurs when individuals face unfair treatment based on characteristics like race, gender, or age. Although it can impact work opportunities, it isn’t solely about job availability at given wages.
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