Define unemployment and unemployment rate, and give examples of ways in which the unemployment rate varies.

Unemployment (also known as joblessness) is the situation where a person is not currently employed but is actively looking for employment.

While unemployment rate can be defined as the percentage of the civilian labor force which is unemployed but actively seeking employment. It can be written as:

Unemployment Rate =  Number of Unemployed / Total Labor Force

Age, gender, race, and cultural background are a few examples of the factors that cause the unemployment rate to vary.

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1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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