Answer to Question #305227 in Management for favor

Question

Determine the benefits acquired by a business- related course student by taking a unit in Labor Economics citing relevant examples in the job market

Answer 1

It helps economists to understand labour related problems e.g Issues on fair wage or salaries workers, welfare of workers, labour productivity, workers safety, gender related matters, job security and Job satisfaction.

Labor is the effort that people contribute to the production of goods and services. Labor resources include the work done by the waiter who brings your food at a local restaurant as well as the engineer who designed the bus that transports you to school.