employment

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employment

the use of LABOUR and CAPITAL to produce goods and services. See LABOUR FORCE, CAPITAL STOCK.

employment

  1. 1micro-context - the use of LABOUR as a FACTOR OF PRODUCTION;
  2. macro-context - the aggregate number of persons in work in the economy as a constituent of the LABOUR FORCE. The size and quality of the labour force is a crucial determinant of the economy's capacity to provide output (see AGGREGATE SUPPLY) and achieve ECONOMIC GROWTH over time.
References in classic literature ?
Their light household occupations, together with the manufacture of tappa, the platting of mats, and the polishing of drinking-vessels, were the only employments pertaining to the women.
In that case also she had only contemplated remaining in her employment for three months' time.
He did not strike me, but told me that he would find me in constant employment in future.