what is labour force of the economy?
Answers
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Answer:
The labour force comprises all those who work for gain, whether as employees, employers, or as self-employed, and it includes the unemployed who are seeking work
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Answer:
Labour force of the economy is the number of people in the country who work and also capable of working.
The labour force (the sum of employed plus unemployed) is so defined as to be conceptually equivalent to the pool of labour available for the production of economic goods and services as defined for System of National Accounts (SNA) measures of economic output.
Explanation:
Labor represents the human factor in producing the goods and services of an economy. finding enough people with the right skills to meet increasing demand. This often results in rising wages in some industries.