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The distinction between a full-time and part-time student varies markedly from country to country. As an example, in the United States a student is commonly defined as being in full-time education when they undertake 12 or more credit hours. This translates to 12 "hours" (often of 50 minutes instead of 60 minutes each) in class per week.
Thus, full employment of labor corresponds to potential output. Whilst full employment is often an aim for an economy, most economists see it as more beneficial to have some level of unemployment, especially of the frictional sort. In theory, this keeps the labor market flexible, allowing room for new innovations and investment.
Full-time or Full Time may refer to: Full-time job, employment in which a person works a minimum number of hours defined as such by their employer; Full-time mother, a woman whose work is running or managing her family's home; Full-time father, a father who is the main caregiver of the children and is generally the homemaker of the household
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Employment status – a worker could be employed full-time, part-time, or on a casual basis. They could be employed for example temporarily for a specific project only, or on a permanent basis. Part-time wage labour could combine with part-time self-employment. The worker could be employed also as an apprentice.