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Labor Market

Wage Rigidity: Reasons and Implications

Updated on September 15, 2022 by Ahmad Nasrudin

Wage Rigidity Reasons and Implications

What's it: Wage rigidity refers to a situation where wages are insensitive to changes in supply-demand in the labor market. For instance,

Topic: Labor Market, Wage Category: Macroeconomics

Labor Market: Types, How It Works, Key Factor Affecting It

Updated on August 29, 2023 by Ahmad Nasrudin

Labor Market Types How It Works Key Factor Affecting It

What it is: The labor market is where the demand and supply of labor interact. That is an example of a factor market, which is a market for

Topic: Labor Market, Market Category: Microeconomics

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