Glossary of IB Economics Terms
IB HL and SL Economics Glossary
There are currently 3 names in this directory beginning with the letter U.
underemployment exists when workers are employed part-time even though they are available for full-time employment, or workers are employed but work less than they would have wanted to, or when workers are carrying out jobs for which they are over-qualified.
Unemployment is people of working age (those in the labor force) actively seeking work at the current wage rate but cannot find one.