Labour Force: False Statement

Introduction:

Labour force is an important concept in economics that refers to the number of people who are employed or actively seeking employment. The labour force includes individuals who are engaged in productive activities and are capable of generating income for themselves and their families.

False Statement:

The false statement regarding the labour force is option 'A', which states that it includes all members of the population.

Explanation:

The labour force does not include all members of the population. It only includes those individuals who are considered to be economically active, meaning they are either employed or seeking employment. The following points explain the components of the labour force:

- Includes those engaged in productive activities: The labour force includes individuals who are engaged in productive activities and are capable of generating income for themselves and their families. This includes both employed and unemployed individuals who are actively seeking employment.
- Excludes very young and very old people: The labour force excludes individuals who are too young or too old to work. This includes children who are not old enough to work and individuals who have reached retirement age and are no longer seeking employment.
- Excludes mentally challenged people: The labour force also excludes individuals who are mentally challenged and are unable to work. These individuals may require special care and support, and may not be capable of generating income for themselves.

Conclusion:

In conclusion, the false statement regarding the labour force is that it includes all members of the population. The labour force only includes individuals who are economically active, meaning they are either employed or seeking employment. It excludes very young and very old people, as well as mentally challenged individuals who are unable to work.