Structural-unemployment



noun
1.
unemployment caused by basic changes in the overall economy, as in demographics, technology, or industrial organization.
structural unemployment
noun
1.
(economics) unemployment resulting from changes in the structure of an industry as a result of changes in either technology or taste
noun

unemployment that occurs due to industrial reorganization rather than changes in supply or demand

structural unemployment definition

Relatively long-lasting unemployment resulting from long-term shifts in economies and markets rather than short-term savings in economic conditions.

Note: Structural unemployment tends to develop around major changes in an economy, such as the move from an industrial to a technological economy. Workers displaced by the decline of the old economy tend not to be trained in fields suitable for the new economy, so they remain out of work.

Tagged:

Read Also:

  • Structure

    noun 1. mode of building, construction, or organization; arrangement of parts, elements, or constituents: a pyramidal structure. 2. something built or constructed, as a building, bridge, or dam. 3. a complex system considered from the point of view of the whole rather than of any single part: the structure of modern science. 4. anything composed […]

  • Structured

    adjective 1. having and manifesting a clearly defined structure or organization. noun 1. mode of building, construction, or organization; arrangement of parts, elements, or constituents: a pyramidal structure. 2. something built or constructed, as a building, bridge, or dam. 3. a complex system considered from the point of view of the whole rather than of […]



  • Stromateoid

    adjective 1. resembling or related to the Stromateidae. noun 2. a stromateoid fish.

  • Stromateid

    noun 1. any of numerous small marine fishes of the family Stromateidae, having a laterally compressed body and an expanded muscular esophagus, often lined with teeth. adjective 2. belonging or pertaining to the Stromateidae.



Disclaimer: Structural-unemployment definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.