Question

Explain the idea of 'world labour market '.​

Answer 1

Answer:

Definition: A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job. Description: A labour market in an economy functions with demand and supply of labour.

Answer 2

Answer:

your true answe is here ........

Explanation:

• when change of labour is there among nations of the world, it is called world labour market.

• When labourers migrate from one country to another for employment, business, training or higher edu cation it is called movement of labour at international level.
• Walkout of brain power for educational knowledge, higher technical knowledge and skill development, in search of more income, more facility.

• better job is brain drain or migration at the international level. Because of increasing social status recently.

• country-wise mobility of labour become popular in a noteworthy manner.

• As a result of migration to other countries or due to permanent settlement of intelligent and talented people who have spent lot of money on them facing a great flaw of personalities having talent and intelligence, technical knowledge and scientific attitude.

• A result of globalization and liberalization, has started arising in our economy.

this is adapted from gbse textbook 10th std ......

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