Difference between work force and labour force participation
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Labour Force refers to the number ofpersons actually working or willing towork. However, workforce refers to the number of persons actually working. Thus, workforce does not account forthose who are willing to work. Thedifference between labour force andworkforce is the total number ofunemployed persons.
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Labour Force refers to the number of persons actually working or willing to work. However, workforce refers to the number of persons actually working. Thus, workforce does not account for those who are willing to work. The difference between labour force and workforce is the total number of unemployed persons
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