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Study of the labor force as an element in the process of production. The labor force comprises of all those who work for gain, whether as employers, employees, or as self-employed, and it includes the unemployed who are seeking work. Labor economics includes the study of the factors affecting the efficiency of the workers, and their deployment in different industries and occupations. In developing models for the study of these factors, this section deals with the labor force of contemporary industrialized economies. The economist cannot study the jobs, capabilities, and earnings of men and women without taking account of social structures, psychology, cultures, and the activities of government. The most important reason for this arises from the peculiar nature of labor as a commodity. The act of hiring of labor, unlike that of engage a machine is necessary but not sufficient for the completion of work.
OMICS Group International is a pioneer and leading scientific event organizer, publishing around 400 Open access journals and conducting over 300 Scientific Meetings all over the globe annually with the support of more than 1000 scientific associations, 30,000 editorial board members, and 3.5 million followers to its credit. Raising its curtains in the year 2007, OMICS Group International aims to disseminate knowledge with the help of its Open access Journals and marches on to instigate OMICS Group International Conferences in the year 2010, to provide a meaningful platform for the world renowned scientists, researchers, students, academicians, institutions, entrepreneurs and industries through its scientific events annually throughout the globe.
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