Question

what is world labour market? how does it emerge?
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Answer 1

Answer:

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.

The global transformations as described in this article have resulted in the emergence of a global labour market in which an increasing number of people experience international competition for their jobs. Globalization has eroded the bargaining power of workers, who are confronted with greater job insecurity.

Answer 2

Introduction of Labour market

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. ... In this market, labour demand is the firm's demand for labour and supply is