Workers are demanded and supplied in the
A) money market.
B) goods and services market.
C) labor market.
D) transfer market.

Question

Quizplus · Accepted Answer

The labor market is the market in which individuals offer their labor (as workers) to firms or other employers in exchange for wages or other forms of compensation. The demand for workers in this market is generated by businesses and other organizations that need labor to produce goods and services. The supply of labor comes from individuals who offer their time and skills in exchange for compensation. Thus, workers are demanded and supplied in the labor market.

Workers Are Demanded and Supplied in the