1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sever21 [200]
3 years ago
9

In two or three sentences, describe the labor market.

Business
2 answers:
Gelneren [198K]3 years ago
3 0
I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. 
shusha [124]3 years ago
3 0

Answer: The labor market is a market where the demand and supply for jobs meet to interact with one another. The numbers of workers that want to work depend on the level of pay that the employers want to pay. Equilibrium exists where supply of labour equals demand for labour.

Explanation:

The labor market refers to a market where workers and employers reach an agreement or interact for labor and wages. The worker provides the service which the employers need. The employer refers to an organization that needs an individual to do specific task while the worker is an individual who offer his service for pay or compensation.

You might be interested in
The first Photography Club dinner that was paid for in advance concluded at 10:00 pm on the last evening of the month. The Club'
suter [353]
Unearned revenue I would imagine
7 0
3 years ago
Sourcing goods and services from locations around the globe is known as __________.
faltersainse [42]

Answer:

Global Sourcing

Explanation:

Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.

5 0
3 years ago
If the scale of a single producer is small relative to the demand for an undifferentiated good, the market structure of the prod
dalvyx [7]

The market structure of the producer will be described as ''Perfect Competition".

As in perfect competition, there are homogenous goods or products from different sellers involved in the market. While monopoly completion also involves many sellers but the products in the market are differentiated (non-homogenous).

Undifferentiated or homogenous goods are less effective on the market as there are too many sellers in the market. Due to that in the above condition a producer is producing the respective goods on a smaller level.

So, he will not affect the market and this clearly shows that the market is perfectly competitive by structure.

For more content like Market Competitions this visit:

brainly.com/question/9311576

#SPJ4

3 0
2 years ago
Titan Info Group is a software consulting firm based in Redmond. The firm uses a standardized job analysis questionnaire contain
postnew [5]

Answer:E) the Position Analysis Questionnaire.

Explanation:The Position Analysis Questionnaire is a structured job analysis questionnaire that aids the user in conducting a quantified analysis of a given job. To complete a job analysis using the Position Analysis Questionnaire, the user reviews background information, observes the job, and conducts thorough interviews with job incumbents to determine job content then rates the extent to which each item on a standard list of Position Analysis Questionnaire job elements applies to that particular job. There are six types of rating scales used in the Position Analysis Questionnaire: Extent of Use; Importance to This Job; Amount of Time; Possibility of Occurrence; Applicability; and Item-Specific scales.

5 0
3 years ago
In order to achieve a competitive advantage, Coastal Haven Hotels, a chain of luxury beach resorts, wants to increase its market
Anna11 [10]

Answer:

The correct answer is b. Take advantage of economies of scale and scope by opening a chain of lower priced economy hotels that leverage the Coastal Haven brand image.

Explanation:

The economy of scale refers to the power that a company has when it reaches an optimum level of production to produce more at a lower cost, that is, as production in a company grows, its costs per unit produced are reduced. The more it produces, the less it costs to produce each unit.

In other words, it means that if in a production function the quantity of all inputs used is increased by one percentage, the output produced can increase by that same percentage or increase by greater or lesser amount than the same percentage. If it increases by the same percentage, we would be faced with constant economies of scale, if it were in more, they would be growing economies of scale, if it were in less, in decreasing economies of scale.

In microeconomics, economy of scale is understood as the advantages in terms of costs that a company obtains thanks to the expansion and good synergies that it has applied to its competitive environment .

The concept of "economies of scale" serves for the long term, and refers to reductions in unit cost as the size of an installation and the levels of input utilization increase. The usual sources of economies of scale are the inventory (large-scale purchase of materials through long-term contracts), management and logistics (increasing the specialization of managers), financial (obtaining lower interest costs in bank financing), marketing and technology (benefiting of the scale yields in the production function).

8 0
3 years ago
Other questions:
  • You are trying to pick the least-expensive car for your new delivery service. You have two choices: the Scion xA, which will cos
    6·1 answer
  • Pablo has a $180,200 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in
    9·1 answer
  • Resconic Inc. follows a formal structure that focuses on rules, policies, and authority. It also uses reward systems to keep its
    7·1 answer
  • Impression management is behavior by which people control how they come across to _________. Some of this behavior is deliberate
    9·1 answer
  • Explain how some of the behavioral biases discussed in the chapter might contribute to the successof technical trading rules.
    15·1 answer
  • Assume the following property and equipment footnote was obtained from the Deere & Company's 2016 10-K. Property and Depreci
    9·1 answer
  • When the Fed adjusts its interest rate, it directly influences consumer
    13·2 answers
  • What needs are being met by the product purchase? What are the benefits to the consumers? Make sure that you differentiate betwe
    5·1 answer
  • As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a prefe
    5·1 answer
  • The weekly demand for an item in a retail store follows a uniform distribution over the range 70 to 83. What would be the weekly
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!