Labour market or job market, in the field of economics, refers to the supply and demand for labour in which the employers provide the demand and the employees provide the supply. It goes without saying that the concept of labour market forms a huge portion in the study of economics where it is elaborately connected to the markets for services, capital and goods. Several different factors influence the market and the processes and the respective outcomes vary accordingly. Much viewed in economics at both the macroeconomic and microeconomic levels, within two different economical study theories, understanding the concept as a whole is regarded deeply important. Head over to the PPT to learn more. Educate yourself about what the term refers to and find out everything you need and more.

Dency Varghese

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