write a note on world labor market
Answers
Explanation:
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.
Explanation:
The labor market, also known as the job market, refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand. It is a major component of any economy and is intricately linked to markets for capital, goods, and services.
Productive and Unproductive Labour.
Physical and Mental Labour: Such work in which physical labour and physical strength is more important in comparison to mental labour is called physical labour. ...
Skilled and Unskilled Labour: ...
Productive and Unproductive Labour