What are the factors contributing to employment possibility?

Question

What are the factors contributing to employment possibility?

Answer 1

In economics employment means 1)employment of all factors of production.This happens when supply and demand are equal.All things produced are demanded sold).There is no excess capacity in any industry.

2)Employment of labour(employment opportunities for all who are willing to work).It is assumed that all are ready to work.Full employment depends on Savings and investment,wage rates,profitability (marginal efficency of capital)

3)There should not be any structural problems.Skills should match demand.People should be prepared for job shift/relocation as required by industry.