Home » Eng Accounting » E » Employment

Employment

1. Service performed for pay or wages under a contract of hire. 2. The number of people in an economy who provide services for pay under contract (this includes both full-time and part-time workers in private, public, non-profit, and household sectors), as well as the self-employed. See also contract of employment; full employment; overfull employment.

Reference: Oxford Press Dictonary of Economics, 5th edt.