Question

Domestic and international labour market difference between

Answer 1

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Labour Market is the market in which the employment of the people is dealt with. 

Domestic Labour Market is the type of labour market that operates within the country. It works on the employment of the people within the country. It only works with domestic companies. 

International Labour Market is the type of labour market that operates in the international market. It works with international companies/firms. It helps people get employment in other countries and in multinational companies.

Answer 2

Explanation:

• The labor market refers to the supply and demands of laborers which are viewed in terms of micro and macroeconomic demands of the nation.  

• The labor markets or job market function by the interaction of the workers and employees. The domestic labor refers to the various roles and responsibilities that need to be complete in the household and includes the  maids, watchmen and industrial labourers.

• The international; labor market is one that has employees that work overseas and maybe skilled and semi-skilled like the domestic market but are demand in a foreign country. ILO sets the standards for the convection creates another aspect of labor rights.  

• These are also said to as informal markets and meets the supply and demand of the global MNC which includes professionals working in various fields such as teachers, doctors, and lawyers.

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• brainly.in/question/3851177 answered by Wafabhatt.