Economic Glossary | Voluntary unemployment | Bankers Algo
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There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle

-by Albert Einstein

Series Funda

In the following question, one term in the number series is wrong. Find the wrong term.

56, 72, 90, 110, 132, 150

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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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Word of the day

Eclectic(adj)

Meaning:

choosing the best out of everything

Synonyms: assorted, broad, catholic, dilettantish, diverse, diversified

Antonyms: incomprehensive, narrow, particular, specific

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A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10.50 less, he would have gained 30%. Find the cost price of the article?

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