Analyse the impact of unproductive labour force on business sectors.
Analyse the impact of unproductive labour force on business sectors.
Answer:
An unproductive labor force can have a significant impact on business sectors. It can lead to a decrease in productivity and a drop in profits. the most direct impact on the economy of an unproductive labor force is lost output in terms of goods and services. With no income tax to collect and the loss of receipts from indirect taxes payers. Small operations, in particular, must remain competitive to succeed, and an unproductive work environment decreases the business’s competitive edge. This can have a serious financial effect on the bottom line, even to the point of prompting closure.
Explanation:
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