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What is labor supply?What Is Labor Supply? Labor supply refers to the amount of work that individuals are willing and able to provide to employers at different wage rates during a particular period. In economics, labor supply is an important part of the labor market because it represents the worker side of the market. Together with labor demand, labor supply helps determine employment levels and wages....0 التعليقات 0 المشاركات 231 مشاهدة 0 معاينة
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What makes a labor market competitive?What Makes a Labor Market Competitive? A competitive labor market is a market in which many employers compete to hire workers and many workers compete for available jobs. No single employer or worker has enough market power to determine wages on their own. Instead, wages and employment levels are largely determined by the interaction of labor supply and labor demand. Competitive labor markets...0 التعليقات 0 المشاركات 412 مشاهدة 0 معاينة