The phenomenon of underutilization of labour during a recession is called
A)investing in human capital.
B)labour stockpiling.
C)retraining labour.
D)labour force stabilization.
E)labour hoarding.

Question

Quizplus · Accepted Answer

Labour hoarding refers to the practice of firms retaining their existing employees during a recession, but reducing their work hours, rather than laying them off. This leads to an underutilization of labour as firms are not utilizing their employees to their full potential.

The Phenomenon of Underutilization of Labour During a Recession Is