In what respect do the supply and demand curves in the labour market differ from those in the goods market?
Answers
An acceptance is a short-term credit instrument signed by a buyer indicating its intention to pay a specific sum of money to the seller (or exporter) at an agreed date. ... Acceptances are sold in the secondary market at a discount from face value (similar to the Treasury Bill market), at published acceptance rates
Answer:
The demand and supply curve show relationship between firms and labour in the marketplace, whereas in goods market it’s about quantity and monetary value.
Explanation:
Demand and supply for labour is similar to demand and supply of any other services, where the demand curve has a negative slope and supply has a positive side. The demand curve for labour shows labour required by a firm and the supply curve indicates how much a labour is willing to provide.