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
What is the most accurate description of person-organization fit?
gavmur [86]

Answer: a match between an individuals personality and values, and those of the organization

Explanation:

8 0
2 years ago
Which of these banking services allows your paycheck to be transmitted electronically to your bank?
DiKsa [7]
The banking that allows that can be chase.
4 0
3 years ago
Use the following information for questions 6 and 7. Wonderland Company imports and sells a product produced in Canada. In the s
GarryVolchara [31]

Answer:

$1,564,800

Explanation:

Year   Purchased Quantity (Units)   Cost per unit   Total Cost

2017                 4,000                              $160               $640,000

2018               10,000                              $220            $2,220,000

2019               16,000                               $320           $5,120,000

(A) Sales Revenue

2019              18,400                                $392                       $7,212,800

(B) Less: Cost of Goods Sold (LIFO)

2019              (16,000 x $320)                        ($5,120,000)

2018              {(18,400 - 16,000) x $220}          ($528,000)

(A - B)Gross Profit                                                                      $1,564,800

7 0
3 years ago
: Typically required on ________ loans when the down payment is less than ______% and loan-to-value ratio is in excess of ____%.
BARSIC [14]

Answer:

Mortgage, 20%, 80%

Explanation:

Typically required on Mortgage loans when the down payment is less than 20% and loan-to-value ratio is in excess of 80%. Loans with higher LTVs don't conform to Fannie Mae/Freddie Mac guidelines, so a lender may require PMI to offset the risk.

3 0
3 years ago
Arrange the steps to show the effects of contractionary fiscal policy. Tiles Inflationary pressure decreases. Government increas
lana [24]
<span>Government increases the tax rate.
Consumers have less money to spend.
</span>Producers manufacture fewer goods.
Inflationary pressure decreases.<span>

</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • Marco and Lisette love to play​ darts, but both suffer from carpal tunnel syndrome due to excessive play. They are considering h
    15·1 answer
  • What term refers to the United States’ sale of steel to Germany?
    10·2 answers
  • The following items appear on the balance sheet of a company with a two-month operating cycle. Identify the proper classificatio
    14·1 answer
  • A simple economy produces two goods, Corn BreadCorn Bread and SoftwareSoftware.Price and quantity data are as follows:
    12·1 answer
  • What is the economic definition of​ utility? Utility is
    12·1 answer
  • An important part of the official government plan for restructuring the economy was _____.
    12·1 answer
  • Billings Inc. has net income of $161,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume
    12·1 answer
  • Please Help. Career Explorations
    6·1 answer
  • QUESTION 1 of 10: According to the reading, this is the first step in market research:
    6·1 answer
  • If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insur
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!