O'Reilly logo

Brilliant Economics by Phil Thornton

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Image

Employment is one of the cornerstones of an economy. The more people are in work, the more money comes back to households in the form of wages and the more cash will circulate through the country’s shops, restaurants and entertainment centres. When unemployment rises and people lose their jobs, many families are forced to cut back on their spending and as a result more businesses will cut wages or employees – or even go bust – creating a vicious circle of further job losses, falls in spending and business failure.

This is why many governments set out achieving full employment and stimulating job creation as their top political goals. As a ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required