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INDIAN ECONOMICS

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CHAPTER-7, EMPLOYMENT, UNEMPLOYMENT:, People who are willing and able to work but unable to, find a job at the existing wage rate is known as, unemployment., workers:, the people who are engaged in any sort of economic, activity is known as a worker, workers can be classified into the following categorise:, workers, , self employed, , hired, , regular, , casual

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workers can also be categories on the basis of, location:, workers, , rural, , urban, , workers can also be categories on the basis of sector:, workers, , formal, , informal

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labour force and workforce, labour force refers to the people who are actually, working and people who are willing to work, workforce reefers to the people who are actually, working., unemployment = labourforce-workforce