Which of these Economics Jagons - Underemployment, Overemployment, Unemployment, Rightemployment, Overqualification and Overeducation is Appropriate for an Economy?

Which of these Economics Jagons – Underemployment, Overemployment, Unemployment, Rightemployment, Overqualification and Overeducation is Appropriate for an Economy?

Prof. Williams Aminadokiari Samuel Abomaye-Nimenibo * § Ph.D., M.Sc., B.Sc. Economics, MBA Management and UD, Personnel Management and Industrial Relations, Director of Postgraduate Studies, School of Postgraduate Studies

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Which of these Economics Jagons – Underemployment, Overemployment, Unemployment, Rightemployment, Overqualification and Overeducation is Appropriate for an Economy?

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Abstract

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.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Prof. Williams Aminadokiari Samuel Abomaye-Nimenibo. 2021. "Which of these Economics Jagons – Underemployment, Overemployment, Unemployment, Rightemployment, Overqualification and Overeducation is Appropriate for an Economy?". Global Journal of Human-Social Science, Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 21 (GJHSS Volume 21 Issue E4).

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GJHSS Volume 21 Issue E4

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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Classification

GJHSS-E Classification FOR Code: 349999

Submission ReceivedApril 11, 2021
Peer Review Double Blind
Handling Editor
Accepted April 30, 2021
Published May 15, 2021

Version of record

v1.2

Issue date

August 24, 2021

Language

English

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