What is employment and unemployment employment and, Ask an Expert

Economics

What is Employment and Unemployment?

Employment and Unemployment:

Employment:

It is the number of people working within the economy.

Unemployment:

It is the number of people who are actively seeking work but aren’t presently employed.

The labor force is equivalent to the sum of unemployment and employment.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9581452

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