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What is a state in which a person accepts a lower paying lower status job than his or her education and experience qualifies him or her to perform?underemployment. a state in which a person accepts a lower paying, lower status job than his or her education and experience qualifies him or her to perform.
What refers to the process of integrating governments cultures and financial markets through international trade into a single world market?Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market.
Is a societal level of disjuncture between people seeking jobs and the jobs that are available?A certain amount of unemployment is a direct result of the relative inflexibility of the labor market, considered structural unemployment , which describes when there is a societal level of disjuncture between people seeking jobs and the available jobs.
Who was the leading theorist on the development of socialism?By far the most important influential thinker on socialism is Karl Marx. Through his own writings and those with his collaborator, industrialist Friedrich Engels, Marx used a scientific analytical process to show that throughout history, the resolution of class struggles caused changes in economies.
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