define participation rate.
Dear Student
The participation rate is defined as a measure of the active portion of an economy's labour force. It indicates the number of people who are either employed or are actively looking for work (involuntary unemployment) . Voluntary unemployment is not included in participation rate .
Regards .
The participation rate is defined as a measure of the active portion of an economy's labour force. It indicates the number of people who are either employed or are actively looking for work (involuntary unemployment) . Voluntary unemployment is not included in participation rate .
Regards .