What is the economic term that refers to a situation where Employed workers are not fully utilized of their skills and knowledge?

Answer 1

The economic term you are looking for is "underemployment." Underemployment refers to a condition in which employed workers are engaged in jobs that do not utilize their skills, education, or experience fully. This can manifest in various ways, such as workers holding part-time jobs when they desire full-time work, or working in positions that are below their skill level.