An important distinction between the labor market and the market for commodities is:

Question

Quizplus · Accepted Answer

In the labor market, the individual attributes of the buyer (the employer) and the seller (the employee) hold far more importance compared to the market for commodities, where the focus is mainly on the quality and price of the product. Contracts may also be arrived at easily in both markets, and breach of contract is not impossible in any market. While the market for commodities may be a matching market, this is not a significant distinction between the two markets. Therefore, the correct choice is B.

An Important Distinction Between the Labor Market and the Market