Full employment is considered a major economic goal because

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Full employment is considered a major economic goal because the opportunity cost of unemployment is lost production. When there is high unemployment, there is a waste of resources and lost output, leading to reduced economic growth and lower standards of living. Full employment also leads to increased consumer spending, higher tax revenues, and reduced government spending on welfare programs, which can help to boost economic growth. Therefore, reducing unemployment and achieving full employment is seen as a key goal for any economy.

Full Employment Is Considered a Major Economic Goal Because