Comparing The Neoclassical Model Of The Perfectly Competitive Labour Markets With The Theories Of Internal Labour Markets
According to Wilkinson (2013), Competition in the labor market refers to the supply and demand for labor in the corporate world. In this scenario, employees are the providers of labor, while the investors or employers are the people who initiate the demand. The labor market is a major component of the economy and is directly tied to the capital, goods, and services market. All three components of the economy are,