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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 4 / 1048 | 
                
    
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The employer has the intentions of creating profits, whereas the employee contributes labor to the enterprise, usually in return for payment of wages. In America, the employment contract is considered to be âat willâ, which means that both the employer and employee are allowed to end the employment at any time...
        
        
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The participation rate is made up of the number of people in the labor force divided by the size of the adult population. Those who are not employed, and are not seeking employment, are more commonly known as the unemployed. Economists define the unemployment level as the labor force less the
number of people currently employed...
        
        
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            General points of the essay
            
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