Business Studies, asked by afifu2428, 1 year ago

Discuss organization process approaches in detail.

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Answered by IamSonu
0

The typical roles of supplier and demander are reversed. The suppliers are individuals, who try to sell their labor for the highest price. The demanders of labor are businesses, which try to buy the type of labor they need at the lowest price. The equilibrium price for a certain type of labor is the wage rate.

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