Labor Markets and Collective Bargaining
The definition of "labor market" is the market in which workers compete for jobs and employers compete for workers. In labor market, wages, benefits and responsibilities of workers are bought and sold. The differentiating factor of labor market from the other markets is the fact that supply and demand rule is not applicable. In the old days, workers (slaves) were bought and sold just like products and therefore, labor market and product market showed major similarities. …
- [Afrikaans] This a Afrikaans Essay of the importance of international trade and how it effects world markets and economies.
- Labor Markets and Collective Bargaining
- Labor relations in Europe: comparison
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