Ironically, technology has also. contributed to many of the problems or situations. that innovation must now attempt to remedy, such. as environmental degradation (including threats. to public safety), depletion of energy and natural. resources, and the greater destructive potential of. warfare.
Full employment is an economics term that refers to the lowest unemployment rate that doesn't cause unstable inflation.There is no magic number for full employment, though; according to The New York Times, most economists estimate that full employment occurs with an unemployment rate between 5 and 6 percent.Other People Are Reading.here is no magic number for full employment, though; according to The New York Times, most economists estimate that full employment occurs with an unemployment rate between 5 and 6 percent. Other People Are Reading.
DEFINITION of 'Full Employment'. A situation in which all available labor resources are being used in the most economically efficient way. Full employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time.The remaining unemployment is frictional.ull employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time. The remaining unemployment is frictional.