Abstract
The "demand for labor" is usually understood by economists to mean the demand for labor services by a firm, an industry, or the economy at a given real wage. In a capitalist economy, labor becomes a commodity that is bought and sold on the market just like any other commodity, such as bread or butter.
| Original language | English |
|---|---|
| Title of host publication | International Encyclopedia of the Social Sciences |
| Place of Publication | U.S.A |
| Publisher | Macmillan Reference |
| Pages | 312-314 |
| Number of pages | 3 |
| Edition | 2nd ed. |
| ISBN (Print) | 9780028659657 |
| Publication status | Published - 2008 |
Keywords
- labor force
- economics
- work
- employment
- commodities