Description
Employment rates and outputs determine a country’s gross domestic product. Labor determines the output. The gross domestic product of developed countries is high, while the gross domestic product of developing countries is low. In some cases, an increase in production may not lead to an increase in employment. The level of output and employment in the economy determines the level of economic growth.
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Explanation & Answer
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Relationship between Employment and Output
Abstract
This research paper seeks to examine the relationship between employment and work
output. It strives to explain how work employment, or lack of it is directly impacted by labor
forces (work output) of a nation, and also how output is a major contributor of job creation, that
in effect, increase employment rates. In developing countries, unemployment rate is growing into
a crisis, while in developed countries are working round the clock to have lowest percentage
possible of unemployed citizens. In both cases, it points out the important role level of output
plays in creation of jobs or loss of it.
Introduction
Employment is when an individual is engaged in a gainful activity that results in paid
work. When two individuals or parties have a work relationship that is put down on an
agreement where one party is paid for offering their services to a firm or an organization. it is
called employment. The employer becomes the firm, organization or institution being offered the
services, while person being paid to offer that said service(s) is an employee. This can be in form
of professional skills or an unskilled labor within a given duration of time, according to the
specifications of an employer, and what the agreement entails. Work output, on the other hand, is
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the units of products and services produced by an individual, group or machine at a specific
duration of time for the company or organization. A number of factors may influence the units of
products or services produced by an employees, such as work environment, an employee's
attitude toward their employer, nature of work as well as employees’ motivation to work. All
these factors determine the level of output in a given organization and in the economy at large.
This research paper seeks to examine the relationship between employment and output as well as
establish the nature of the relationship between these two variables.
Higher Work Output and Employment Rate
Higher work output has a direct impact on number of people employed at...