Full employment is an economic condition where all individuals who are willing and able to work can find a job. It does not mean that everyone is employed, but rather that the unemployment rate is at a natural level, which includes frictional unemployment—people temporarily between jobs or entering the workforce. In this state, the economy operates efficiently, maximizing productivity and resources. Full employment is often associated with a stable economy, where businesses can find the labor they need, and workers can secure jobs that match their skills, contributing to overall economic growth and stability.