Labor force
Definition
The labor force refers to the total number of people who are employed or actively seeking employment within a country or an organization. It includes both skilled and unskilled workers across various industries.
Analogy
Think of the labor force as players on a soccer field. Each player has their own skills and abilities but works together as a team towards a common goal - productivity and economic growth.
Related terms
Division of Labor: A practice where different tasks are assigned to specialized workers based on their skills, increasing efficiency in production.
Child labor: The employment of children in work that is mentally, physically, socially, or morally harmful.
Trade unions: Organizations formed by workers to protect their rights and advocate for better working conditions.
"Labor force" appears in:
Subjects (3)
Practice Questions (1)
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