Define worker population ratio What does it signifies

Question – Define worker population ratio What does it signifies

Answer –

Work population ratio is used in identifying the portion of total population that is contributing in the production process. The ratio can be calculated by dividing the total numbers of workers in an economy with the total population and multiply it by 100. This ratio depicts the employment situation in the country economy. If the ratio is high, it means that the engagement of people in production process is greater, if the ratio is low or medium that means a large portion of the population is not involved in production process

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