Employment and unemployment policy, Microeconomics

EMPLOYMENT AND UNEMPLOYMENT POLICY:

Engagement of a person in any economic activity is central to the concept of identifying a worker. A worker is one who participates in any economic activity. His or her human capital endowment is utilised by the society (or the economy) and in the process, he or she earns a living. All workers constitute the workforce or the employed. Those who are not workers are called non-workers. Some among the non-workers may be seeking or looking for work or are available for work. Such persons constitute the  unemployed. The workforce and the unemployed together make up the labour force. The entire population of any area, region or country is, thus, made up of three components; the workforce (the employed), the unemployed and the non-workers. The third component is also referred to, for obvious reasons, as the population which is not a part of the labour force. The first is engaged in economic activity and produces the national product, the second is available for being engaged in such activity but the economy is unable to utilise it and the third is not available for utilisation in economic activity. Schematically, workforce can be illustrated as follows:    

 

722_EMPLOYMENT AND UNEMPLOYMENT POLICY.png

How are the workers or the employed and the other two categories of people in a given area - a region or a country, say, India - identified and enumerated? How are the workforce and the labour force measured? We shall answer these questions in the next section.  

Posted Date: 11/10/2012 4:52:55 AM | Location : United States







Related Discussions:- Employment and unemployment policy, Assignment Help, Ask Question on Employment and unemployment policy, Get Answer, Expert's Help, Employment and unemployment policy Discussions

Write discussion on Employment and unemployment policy
Your posts are moderated
Related Questions
Q. Asymmetric Information - Insurance Markets? In the United States, health insurance is usually provided for employees through contracts between the insurance company and thei

In this section, we ask you to write down a simple, formal, mathematical model. A small number of points will be awarded for an intuitive discussion of the problem, but most of the

Why might an oligopoly be reluctant to change its price? When some large firms have high total market share and are non-collusive, there is a strong element of interdependency.

What determines aggregate demand?

unique products in monopoly

Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity

Cropping Pattern Over Time: The dominance of food crops and among food crops that of rice and wheat only states the existing cropping patterns. It is important to study the tr

Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf

Q. Explain Fixed Capital and Flat-Rate Tax? Fixed Capital: Realcapital which is installed permanently in a specific location, including infrastructure, buildings and major eq