The player in the economy that supplies labor in the factor market is households.
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."
The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.
The input market is another name for the factor market.
By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.
The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.
This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.
Hence, The player in the economy that supplies labor in the factor market is households.
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Forecasting future human resource requirements for his company is a part of the human resource planning process.
Forecasting is the method of making predictions based totally on past and present statistics. Later those can be compared to what takes place. For example, an agency may estimate its sales within the next year, then examine it against the actual consequences. Prediction is similar, but the extra preferred time period.
Forecasting is a way that uses historic statistics as inputs to make informed estimates which can be predictive in determining the course of destiny traits. Businesses utilize forecasting to decide on a way to allocate their budgets or plan for expected expenses for an upcoming time frame.
There are 4 trendy steps in the Human Resource Planning process: identifying the modern supply of personnel, determining the future of the body of workers, balancing between labor supply and demand, and developing plans that help the employer's goals.
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both of the above are undermine the private sector.
Answer:
Form W-2, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. A W-2 reports the employee's annual wages and the amount of taxes withheld from their paychecks. A W-2 employee is someone whose employer deducts taxes from their paychecks and submits this information to the government.
Explanation:
That should be false because it says never and the person is student
