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

PPC, how to find opportunity cost on PPc

how to find opportunity cost on PPc

Demand curve, how does the charging the monoply a specific tax per unit aff...

how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of consumer

Materials requirements calculations - mrp system, Materials Requirements Ca...

Materials Requirements Calculations - MRP System MRP is a computer-based 'engine' which carries out calculations in order to determine:  What is needed, and When i

Explain three major barriers of developing contries, Explain three major ba...

Explain three major barriers to development experienced by developing countries. Well, the scope of possible answers here is, em, wide, to say the least. The issue is not to si

The demand curve of monopoly, when does price and output determined in the ...

when does price and output determined in the unregulated monopoly

Derivation of ordinary demand function, Derivation Of Ordinary Demand Funct...

Derivation Of Ordinary Demand Function: Suppose,   and q 1  = (Q 1 1 , Q 2 1 ,..., Q n 1 )T. Let M0 be the money income and p 0 q 0  = M 0  and p 0 q 0 ≥ p 0 q 1 , where p

Composition of trade, Composition of Trade: It is indicative of the st...

Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar

Export entrepreneurship and use appropriate technology, Export Entrepreneur...

Export Entrepreneurship: This need be developed by providing necessary facilities and making export an attractive and profitable business proposition. In this connection, it

What do you meant by deficit, Q. What do you meant by Deficit? Deficit:...

Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A

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