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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.

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How much did your Parent 1 (father/mother/stepparent) earn from working (wages, salaries, tips, etc.) in 2020
irina [24]

The year 2020 had a big impact on the economy due to the global pandemic, also having an impact on the annual income of families, so if your father or mother, for example, receive fixed salaries and tips, they probably felt the impacts of the economic recession.

<h3> </h3><h3>How the pandemic affected the economy </h3>

The rates of infection by the virus and mortality generated a scenario of insecurity that led to a public decision to stop consumerism in order to restrict resources and be able to adopt an effective strategy in a period of great uncertainty.

Therefore, with the measures adopted by the government, such as social isolation, many companies stopped producing, closed for a while and were unable to survive without generating profits.

The impact of the pandemic then led to an economic downturn in several countries and caused thousands of people to lose their jobs or businesses.

To change this scenario, it is necessary to implement public policies with strategies to create jobs, reduce bureaucracy, invest and encourage industry.

Find out more information about public policies here:

brainly.com/question/2595599

5 0
3 years ago
A.
Cloud [144]

Answer:llll

Explanation:

3 0
3 years ago
In the New Economy, people are most rewarded through education and intellectual growth when they spend years studying a broad ar
aliya0001 [1]

Answer:

False

Explanation:

The formal education setting has not been changing at the same rate with the daily changes in <em>business</em>, <em>technology</em> and other <em>socio-economic </em>elements.Therefore people who spend years studying a broad array of subjects in formal educational settings are less likely to be rewarded through education and intellectual growth.

7 0
3 years ago
The following are examples of quantitavtive variables EXCEPT
ella [17]

Answer:

A

Explanation:

All the other responses are numerical, which is quantitative. Marital status is qualitative

3 0
3 years ago
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
kicyunya [14]

Based on the distance between locations, the total distance moved in the week will be<u> 6,700 meters. </u>

<h3>Distance between the departments </h3>

Assuming that Departments X, Y and Z are in areas I, II and III respectively. The following will be true:

  • Department X is located 10 meters from Y but 20 meters from Z.
  • Department Y is located 10 meters from Z.

<h3>Total distance traveled</h3>

This can be found by multiplying the loads carried across departments by the distance between the locations of these departments.

= ( (Loads from X to Y x distance of X and Y) + (Loads from X to Z x Distance of X and Z)) + ( (Loads from Y to X x distance of X and Y) + (Loads from Y to Z x Distance of Y and Z)) + ( (Loads from Z to Y x distance of Z and X) + (Loads from Z to Y x Distance of Y and Z))

= ( (0 x 10) + 80 x 20)) + ( (30 x 10) + (150 x 10) ) + ( (100 x 20) + 130 x 10) )

= 1,600 + 1,800 + 3,300

= 6,700 meters

In conclusion, the total distance would be 6,700 meters.

Find out more on minimizing costs at brainly.com/question/1380316.

4 0
3 years ago
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