what does the phrase in demand mean when choosy careers
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What is Demand for Labor
When producing goods and services, businesses require labor and capital as inputs to their production process. The demand for labor is an economics principle derived from the demand for a firm's output. That is, if demand for a firm's output increases, the firm will demand more labor, thus hiring more staff. And if demand for the firm's output of goods and services decreases, in turn, it will require less labor and its demand for labor will fall, and less staff will be retained.
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- The term “in demand” indicates a greater probability of gaining employment. The term “not in demand” indicates a lesser probability and “balanced” indicates an uncertain probability between success and failure in gaining employment
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