The labor force for any country comprises everyone of working age (typically above a government stated age) and below retirement (government stated age).
Continuing the same concept, the labor force participation rate is the ratio between the labor force and the total number of labors available in the country of that same age-group.
Search & Explore : Management Dictionary
Browse definitions and meaning of more concepts and terms similar to Labor Force Population. The Management Dictionary covers definitions and overview of over 7000 business concepts from 6 categories.
Related Business Content