The labor force for any country comprises everyone of working age (typically above a government stated age) and below retirement (government stated age).
The necessary condition is that they should be ‘participating workers’ (i.e. people actively employed or seeking employment.) Those who are excluded of this list is also governed by government policies.
Search & Explore : Management Dictionary
Browse the definition and meaning of more terms similar to Labor Force. The Management Dictionary covers over 7000 business concepts from 6 categories.
Related Business Content