Which of these Economics Jagons – Underemployment, Overemployment, Unemployment, Rightemployment, Overqualification and Overeducation is Appropriate for an Economy?
In behavioural sciences such as Economics, Management, Psychology, and Sociology, one often finds various and divergent definitions of specific terms regarded as the jargon of that particular discipline. In economics, such clichés include and is not limited to Underemployment, Overemployment, Rightemployment, Unemployment, Overqualification, or overeducation. We therefore define and discuss these terminologies for clarity, know, and understand what each of these terms means. We, therefore, set ourselves to succinctly carry out terminology study to have more in- depth knowledge. We discuss the aces and scams of these vocabularies. Among these five (5) terminologies, unemployment is the worse type that can visit a nation, and it is undesirable, bringing economic, social, and political vices in any society it is found. It has numerous consequences to a society where it is instituted. The high wave of crime, robbery among youths, etcetera has been the result of unemployment. However, we concluded and made relevant recommendations that right employment is the only answer to unemployment in Nigeria and elsewhere.
