The number of people who are qualified to work and who offer themselves for employment are called

Assessment: WAEC SSCE - Economics - 2004 (Objective) Subject: Economics

Question 1 Report

The number of people who are qualified to work and who offer themselves for employment are called
Answer Details
The number of people who are qualified to work and who offer themselves for employment are called the working population. The working population refers to the group of people within a certain age range who are available for work and actively seeking employment. This includes people who are currently employed, as well as those who are unemployed but actively seeking work. The working population is an important demographic for economists and policymakers, as it provides a measure of the potential workforce that can be utilized to produce goods and services. It is also used to calculate important economic indicators such as the unemployment rate and the labor force participation rate. Migrant labor refers to workers who move from one region or country to another in search of employment opportunities. Labor turnover refers to the rate at which employees leave a job and are replaced by new workers. Mobility of labor refers to the ease with which workers can move between different jobs or industries. Therefore, the number of people who are qualified to work and who offer themselves for employment are called the working population.

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