is employment an economic activity?
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economic activity, like agriculture, mining, manufacturing, services. 6. level of wages and other remunerations; Accordingly, important events for employmentdynamics are hiring, firing and retirement, which in turn means that labour market economic models should include routines for hiring, firing and retirement.
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Business refers to those economic activities, which are connected with the production or purchase & sale of goods or supply of services with the main object of earning a profit. To earn income in the form of profit people engage themselves in business. Examples: fishing, mining, farming, manufacturing, wholesales etc.
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