emollient - toiletry consisting of any of various substances in the form of a thick liquid that have a soothing and moisturizing effect when applied to the skin ointment, cream cold cream, coldcream, face cream, vanishing cream - a cream used cosmetically (mostly by women) for softening and cleaning the skin
DEFINITION of 'Frictional Unemployment'. Unemployment that is always present in the economy, resulting from temporary transitions made by workers and employers or from workers and employers having inconsistent or incomplete information. Next Up.
Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed.Involuntary unemployment is distinguished from voluntary unemployment, where workers choose not to work because their reservation wage is higher than the prevailing wage.In an economy with involuntary unemployment there is a surplus of labor at the current real wage.nvoluntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed.