Labour markets are different from most product markets because labour demand is:

Name: Labour markets are different from most product markets because labour demand is:
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Question

Quizplus · Accepted Answer

Labour demand is derived from the demand for goods and services that labour produces, making it different from most product markets. The demand for labour is not based on social needs but on the economic value of its output. Horizontal and upward-sloping demand curves are not applicable to labour markets.

Labour Markets Are Different from Most Product Markets Because Labour