Labor Markets

Posted in Human Resource Terms, Total Reads: 939
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Definition: Labor Markets

A labor market is a system where the demand for all the components of an economy is fulfilled. It means

  • Workers find paying work
  • Employers find willing workers
  • Wage rates are negotiated between them

 

Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to Labor Markets. The Management Dictionary covers over 7000 business concepts from 6 categories.



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