How many workers will be hired labour economics examples?
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Explanation:
Labour economics seeks to understand the functioning and dynamics of the markets for wage ... Labour economics looks at the suppliers of labour services (workers) and the demanders of labour services ...
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In India, 30% of workers are known as casual wage laborers.
Explanation:
- For example, in a construction industry, a construction worker, a cement shop owner, and a civil engineer are three categories of workers.
- Of these, a construction worker is called the hired laborer; whereas the cement shop owner is called self-employed as he owns and operates an enterprise, and the civil engineer working for the same construction company is called regular salaried employee.
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