Routledge Dictionary of Economics, Second Edition
The engagement of a factor of production in a productive activity with the result that it receives a factor income.
Employment gives people wages or salaries, and rewards capital with interest or profits. Increased LABOUR FORCE PARTICIPATION makes more persons available for employment; economic growth makes possible actual employment growth. Even in advanced economics with an employed labour force static in size, technological change effects many sectoral shifts in the composition of employment.
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