Economy, asked by rasika86, 11 months ago

What do u mean by labour force and work force?? ​

Answers

Answered by ram383240
1

Answer:

Labour Force or Labour supply refers to the number of people able to work and willing to work. Since entire population cannot be engaged in economically productive activities, the dependents such as children and older people are not considered to be labour. The labour force also excludes the people who are unwilling to work despite of their being able to.Workforce refers to those actually engaged in commercially productive activity.The difference between workforce and labour force is unemployment.Unemployment = Labour Force – Work Force

Answered by aman0bhatt
0

labour force:-

all the members of a particular organization or country who are able to work, viewed collectively.

work force:-

total number of a country's population employed in the armed forces and civilian jobs, plus those unemployed people who are actually seeking paying work

Similar questions