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We all know the basic needs of every human being are food, clothes and shelter. In the present world, one more essential requirement has to be added to that list. That is employment.
To survive in the world, we all need a job to earn money. Those who are engaged in economic activities, in whatever capacity– high or low – are called employees. People who employ these workers and pay wages for their work are called employers. So in this chapter, we will learn about
- The employment structure in India
- The organised and unorganised sector
- The distinction between the public sector and private sector
- The changing employment pattern
The Labour force of the economy is the number of people in the country who work and also capable of working. Usually, we take the age group of \(15–60\ \)years for the computation of the workforce.
Persons who are less than \(15\ \)years are considered as children.
The Persons above \(60\ \)years of age are excluded as they are not physically fit to undertake a productive occupation.
If children and old-age persons accounts for more significant percentage of the population, then the progress of the country would be slow as the working force is very small.
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