Labor Economics: An Overview
- Miguel Virgen, PhD Student in Business
- Oct 21, 2024
- 3 min read
Updated: Mar 12
October 21 (Doctors In Business Journal) - Labor economics is a field of economics that focuses on the dynamics of labor markets, the behavior of employers and employees, and the factors that influence employment, wages, and productivity. It encompasses a wide range of topics, including labor supply and demand, wage determination, labor market policies, and the impact of unions and collective bargaining. This article aims to provide a comprehensive overview of labor economics, its key concepts, and its relevance in today's economy.
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