In context of employment unemployment in India consider the following statements 1 Labour Force refe...........

Economic Affairs Employment related Issues

In context of employment/unemployment in India consider the following statements.

1. Labour Force refers to the number of persons who are capable and willing to work.

2. Workforce refers to number of persons actually working.

Which of the statement given above is / are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Both 1 and 2

The labor force is the sum of those either working or looking for work.
Workforce refers to the number of persons actually working and does not account for those who are willing to work.

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