define employment, employee and employer - Economics - Unit III- Employment Growth Informalisation and Other Issues

Question

define employment, employee and employer?

Manisha Nayyar · Accepted Answer

Employment is a type of economic activity
in which people are hired by the firms and companies People work in
these organisations on regular basis and are paid in exchange of
their services
The person or the
firm which gives the employment is known as the employer
The person who is
given the employment is known as the employee