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is job consider as a resource?
01-18-2013, 06:51 AM
Post: #1
is job consider as a resource?
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)

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01-18-2013, 06:59 AM
Post: #2
 
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

.

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