What is meant by labor force, Microeconomics

Assignment Help:

What is meant by labor force? 

 In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above a certain age (around 14 to 16) who is participating workers, that is people actively employed or seeking employment. People not counted include students, retired people, stay-at-home parents, people in prisons or same institutions, as well as discouraged workers who simply do not require work. 

 


Related Discussions:- What is meant by labor force

State the keynesian theory of employment, Q. State the Keynesian Theory of ...

Q. State the Keynesian Theory of employment? Under employment Theory, Govt interference Aggregate Demand- Aggregate supply- Effective demand, Income and employment consumption

Explain the appliance for household use be treated, In an updated GDP that ...

In an updated GDP that contains household production, how would the purchase of a car or appliance for household use be treated? A car or appliance would be treated as a househ

Derived demand, which is the following is an example of a firm''s derived d...

which is the following is an example of a firm''s derived demand?

Demand, factors influencing the conditions of demand for a given product

factors influencing the conditions of demand for a given product

Measures used to restrict international trade, Measures used to restrict In...

Measures used to restrict International Trade: These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import ta

Criticisms of world trade organisation, Criticisms of World trade organisat...

Criticisms of World trade organisation:   There are critics too of the WTO. It is believed that the WTO will emerge out destructive of biodiversity and people's livelihoods by

Keynesian model, in the keynesian model the price is assumed to be what? a....

in the keynesian model the price is assumed to be what? a.exogeneous and remaaining constant b. endogeneous and remaining constant which is correct?

Factors shifting demand curve, Factors Shifting Demand Curve:   ...

Factors Shifting Demand Curve:   Factors Changing Demand Effect on Demand Direction of Shift in Demand Curve Ef

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd