What is the relationship between working force and economic development?
The relationship between working force and economic development is that the workforce is a vehicle that drives economic development. Developmental ideals that will lead to economic development can be initiated and implemented by human components in any economy, because the economy cannot be established in an abstract sense. This connection between working force and economic development is one of the reasons why human components in any economy have a direct impact on the level of economic development in the region. Their deposit of human capital in terms of knowledge, experience and other related factors such as good health are vital to the development of any economy, which can be demonstrated by the contrast of the outcome of the economy that lacks a well -organized, healthy and educated workforce with the economy that has the opposite.
the way to show the connection between the interpretation and economic development liesAs such a workforce is directly related to the success of any business within the set economy or even in the global economy as a whole. For example, assuming information technology is looking for employees to hire, naturally will look for employees who have the most demanded human capital in terms of high levels of skills, experience and wide formal education. As a recognition of the importance of such a valuable labor force, the company could be willing to spend a lot of resources, material, as a financial as a means of attracting and maintaining this valuable labor force. The growth of such a society will depend on the quality of its employees, on something that is replicated in other companies and will also be achieved through the general state of labor in this economy.
connection between working force and economic development also serves as criteria for the development and implementation of various government policies that recognize the importance of labor in growtheconomics. Where the workforce is well trained, healthy and has access to good education, it will return an investment in their development and care for various activities aimed at improving the economy. For example, contributions from work of work will be applied to various aspects of economic development and development projects such as building infrastructure for facilitating communication and transport and development of new concepts.