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+--- Thread: is job consider as a resource? (/thread-55457.html)
is job consider as a resource? - Kenny M - 01-18-2013 06:51 AM
hi everyone, I have two questions about our economy, can someone please help me. Thanks
1. is job consider as a resource?
2. workers is consider as a resource. Now many people are unemployment. so jobs is a scarce resource? (Many workers supply, less jobs demand)
- Mohammad - 01-18-2013 06:59 AM
1. Answers to the questions are as:
Q1. is job consider as a resource?
Ans: Employees working in an organisations are certainly a resource.
Q2. workers is consider as a resource. Now many people are unemployment. so jobs is a scarce resource? (Many workers supply, less jobs demand)
Ans:
- Many workers are unemployed because the country's economy is not growing enough.
- Economic growth depends on a number of factors: Physical resources, financial resources, availability of suitable technologhy, demand for products in the country as well as in international market, political and social stability.
-Production, or economic growth, is the function of:
---Land
---Labour
---Capital, and
---Organisation(Entrepreneur plays a vital role in this regard)
Full Employment:
.... .............. ......
2. In this connection, it will be useful to read an article on Full Eemployment at the folowing site:
http://en.wikipedia.org/wiki/Full_employment
.