Distinguish between labour force and work force
CBSE Class IX Social Science SA (3 Marks)
Answers
Answered by
23
Labour force of a country includes all those persons in the
age group of 15-60, who are actually working or willing to work. Workforce, on the other hand, consists of persons who are
actually engaged in some kind of work and excludes those who are willing to
work but do not find work. Thus, the difference between the two (i.e.,
labour
force and workforce) is the number of persons unemployed
Answered by
6
Labour Force and Work Force
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.
Number of Persons unemployed = Labour Force – Workforce
Workforce does not takes into account the wage rates. On the other hand, labour supply refers to supply of labour corresponding to different wage rates.
Hope it helps.....
Please mark me as Brainliest ❣️❤️
Similar questions
English,
8 months ago
Math,
8 months ago
Physics,
8 months ago
Social Sciences,
1 year ago
Social Sciences,
1 year ago
Accountancy,
1 year ago
Social Sciences,
1 year ago