Economy, asked by 987654321123456789, 1 year ago

what is differennce between labour and employe

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Answered by arjun6068
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Employees

The term "employee" refers, in a general sense, to anyone who works for someone else in exchange for monetary compensation. In the U.S., the term "employee" sometimes has more specific connotations, referring to a member of a staff. This distinguishes employees from independent contractors, who work for compensation but don't belong to any particular staff.

Labour

All employees are part of the labor force, but the labor force also includes people on unemployment who are seeking work, as well as the employers who provide employees with compensation. Although a job seeker would be considered part of the labor force, she wouldn't qualify as an employee.


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