Flexible labor markets allow workers to be redeployed rapidly to sectors of the economy where they are highly valued.

Question

Quizplus · Accepted Answer

Flexible labor markets allow for greater mobility of workers, enabling them to move between industries and sectors as demand for their skills changes. This can result in more efficient allocation of resources, with workers being directed towards areas where their skills are most in demand, and ultimately leading to higher productivity and economic growth.

Flexible Labor Markets Allow Workers to Be Redeployed Rapidly to Sectors