Page 2 - Lesson Note- Comparitive devt-61

 SUPPLY OF LABOUR[ S L ]:It is measured in terms of mandays of

works(one day = 8 hrs). It has reference to wage rate.
 WORK FORCE[W F ]: Includes those persons who are actually
engaged in economically productive activities.

W F = Employed Persons

 WORK FORCE PARTICIPATION RATE[WFPR]: Also known as

worker population ratio(15-60 years)
WFPR= WF/TOTAL POPULATION x 100
( 47.8% in 2018)
 LABOUR FORCE PARTICIPATION RATE[LFPR]:Refers to the

ratio of LF to the total population.
LFPR=LF/TOTAL POPULATION x 100

( 51.5 % in 2020)
 EMPLOYMENT: Refers to the situation in which all able bodies willing
to work at the prevailing wage rate.
 UNEMPLOYMENT:It is a situation where all able bodies are willing

to work but fail to find a job.
OR
Where individuals who are employable & seeking a job but are unable to

find a job.
UE= LF- WF
 UNEMPLOYMENT RATE (UR): The ratio of unemployed person to

the labour force is known as UR:
UR = (No. of unemployed person/LF) x 100
PARTICIPATING PEOPLE IN EMPLOYMENT

 WPR (Work population ratio) is an in indicator which is used for
analysing employment situation in the country.
 Higher ratio means greater engagement of people in the productive
activities.

 Low ratio indicates that a high proportion of the population is not
involved in productive activities.

 It offers insights into the quality and quantity of human resources/human
capital.
 It helps to analyse many social issues as social security of the workers ,
work environment , exploitation of workers etc.