Labour Force is defined to include 1. Both employed and unemployed people 2. Only employed people 3. Only unemployed people 4. Neither employed nor unemployed people
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neither employee no unemployed people
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Option 1, both employed and unemployed people, is the right answer.
The labor force is comprised of all the people who are currently working or employed or seeking work or employment. In other words, the section of the working people who are aged between 16-64 in the economy are currently engaged in business or work or seeking employment. Housewives, persons below the age of 16 and above the age of 64, and those who are still undergoing education, are not included in the labor force.
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