Economic Glossary | Glossary Related To v | Bankers Algo
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Economic Glossary

    Economic Terms starting with V


    Voluntary unemployment

Unemployment through opting not to work, even though there are jobs available. This is the joblessness that remains when there is otherwise FULL EMPLOYMENT. It includes FRICTIONAL UNEMPLOYMENT as a result of people changing jobs, people not working while they undertake JOB SEARCH and ­people who just do not want to work.


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Banker's Algo Daily Dose

Word of the day

Dawdled(v)

Meaning:

To waste time, to act slowly

Synonyms: idle, lag, laze, lazy, loaf, loiter

Antonyms: forward, hasten, hurry, push, rush, speed

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Question

The salary of an employee increases consistently by 50% every year. If his salary today is Rs. 10,000, what will be the salary after another 4 years?

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