Frictional unemployment
From Mises Wiki, the global repository of classical-liberal thought
Frictional unemployment is term sometimes used for certain forms of catallactic unemployment. The term is used by some when the unemployment is assumed to be the result of difficulties in matching job openings and applicants due to certain "frictions" such as lack of information or differences as to skills, training or geographical locations.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-07-12.
