Distinguish between labour force and work force.
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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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Labour force :
Labour Force or Labour supply refers to the number of people able to work and willing to work.
Work force :
Workforce refers to those actually engaged in commercially productive activity. The difference between workforce and labour force is unemployment.
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