The Labour Force (Junior Cert Business Studies): Flashcards

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The Labour Force
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Labour force definition

People ready & willing to work, including employed & job seekers

Self-employment key feature

Complete control over business decisions & working hours

Full-time employment hours per week

35 hours or more

Part-time employment hours per week

Less than 35 hours

Temporary employment duration

Short-term arrangements lasting weeks or months

Public sector employment examples in Ireland

Teachers, hospital staff, civil servants, Gardaí

Private sector definition

Businesses where individuals established their own enterprises

Primary sector activity

Extracting natural resources directly from the environment

Secondary sector activity

Transforming raw materials into finished products

Tertiary sector activity

Providing services to consumers and businesses

Unemployment definition

People wanting work but unable to find suitable employment

Jobseeker's Allowance purpose

Financial support for unemployed actively seeking work

Ireland unemployment rate 2007-08 recession peak

13.2%

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