Analysis of Labor and the Workforce in the National Economy of the Republic of Bulgaria

Krasimira Zagorova – Technical University of Varna, 1 Studentska str., 9000 Varna, Bulgariа

Abstract: Human resources are carriers of the working force and reflect di­rectly the invested “live” labor in the activity of economic entities. The sub­ject of analysis in the present study are the economic categories «labor» and «workforce», including their meaning, characteristics, and specifics of their functions. Labor is a specific production factor and as such it is inherent in man as an indivisible part of him. Like a specific human activity, labor fulfills two main functions, namely economic and social. Another issue put under discussion is the state of the labor market and the dynamics of the employed workforce in the economy of the Republic of Bulgaria within the period 2018 – March 2023. The analysis focuses on the changes in the growth of employ­ment and the coefficient of economic activity of the population of the Repub­lic of Bulgaria, the structure of the workforce by age groups regarding the na­tional economy, its geographic distribution within the country, etc. At the end, conclusions and recommendations are summarized.

7th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2023 – Conference Proceedings, Hybrid (Faculty of Organization and Informatics Varaždin, University of Zagreb, Croatia), October 26, 2023

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2023 Conference Proceedings: ISBN 978-86-80194-75-2, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

References

Donchev, D., Velev, M., & Dimitrov, J. (2003). Business Economics. Sofia, Bulgaria: Softrade.

Eurostat. (2020). Glossary: Labour force. Retrieved October 15, 2023 from https://ec.europa.eu/eurostat/statisticsexplained/index.php?title=Glossary:Labour_force  

Investor Finance Forum. (May 19, 2023). The number of people employed in Bulgaria drops be­low 3 million at the beginning of the year. Retrieved October 15, 2023 from https://www.investor.bg/a/514-ikonomika-i-politika/374910-zaetite-v-balgariya-padat-pod-3-miliona-vnachaloto-na-2023-g 

Kalchev, R., & Valkanova, A. (2001). Labour Economics. Varna, Bulgaria: University of Economics.

Labour Economics course. (February 20, 2017). Introduction to Labour Economics. Retrieved October 14, 2023 from https://obuch.info/tema-prva-vvedenie-v-ikonomikata-na-truda.html  

National Statistical Institute. (2023). Statistical Reference Book. Sofia, Bulgaria: Education and science EAD, (pp. 36-37).

Additional reading

Economic Research Institute. (2023). Annual Report. Sofia, Bulgaria: Bulgarian Academy of Sciences, (pp. 30-31).

Iliev, I., Donchev, D., & Velev, M. (2008). Economics and Management. Sofia, Bulgaria: Martilen.

Nikolova, N., Ivanova, D., & Pavlova, D. (2013). Business Economics. Varna, Bulgaria: Tech­nical University.