Unemployment due to a lack of capital equipment which unemployed workers could use, or lack among unemployed workers of the skills necessary to produce anything for which there is a market. This can occur because investment has failed to keep pace with growth in the labour force: this is common in less developed countries (LDCs). It can also occur because of changes in demand, leading to the decline of industries which previously provided jobs. Structural unemployment cannot be cured by increasing effective demand, which would remedy Keynesian unemployment, or by cutting wages, which would cure classical unemployment; its cure requires major investment in new industries, or large-scale migration from depressed areas.

• necessary and sufficient conditions
• necessity
• NEDC
• negative
• negative equity
• negative income tax
• neoclassical economics
• net
• Net Book Agreement
• net capital formation
• net domestic product
• net economic welfare
• net exports
• net foreign assets
• net investment
• net national product
• net present value
• net profit
• net property income from abroad
• net tangible assets
• net transfer income from abroad
• net wealth
• network externality
• net worth
• net yield