Question | What is the difference between labour force and work force |
Chapter | Employment |
Class | Class 12 |
Subject | Economics (Indian Economic Development) |
Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – What is the difference between labour force and work force
Answer-
Workforce
The number of people who are employed or working or engaged in economically productive activities at a particular point in time. It does not include unemployed persons even if they are willing to work or available for work at a particular wage.
Labour force
All those persons, who are working or employed and though not working, are seeking and are available for work
- It includes both employed and unemployed persons in the age group between 15 years.
- It increases with an increase in population.
It does not include;
- Children below 15 years and old people above 60 years.
- Handicapped persons.
- Those who are not willing to work or available to work.
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