Answer 1
It means the market for jobs is driven by businesses and the economy. So, if economy is slow, businesses are losing money, that would mean potentially lack of growth. Lack of growth across the sector would mean widespread redundancies and lack of jobs. In a free market economy - almost everything is driven by consumer behavior. Businesses rely on consumers and so do jobseekers. Jobseekers need jobs to ultimately become consumers for businesses. Businesses cannot survive without consumers willing to buy their goods and services. What this means to have any major positive impact on the economic cycle, one has to fuel consumer spending and the only way to do that is to put the money back in the pockets of taxpayers. In a free market, the government does not get involved in regulating markets and setting supply and demand. the market is supposed to handle that on its own. It is essentially stablization of the economy based on the factors within the market adjusting on their own - primarily determined by the forces of supply and demand rather than any artificially driven intervention.
Answer 2
In free market, disparity in job market increases. However, this is offset again by the supply and demand for skilled and unskilled workers as well as for the jobs. Ultimately, market equilibrium provides for the redistribution and balance. This is often as a result of market forces driven in form of competition. However, competition does not need to be fueled, it should be natural as the market should allow for new entrants as there is a high profit incentive. As a result, the market provides a way to reduce prices. In terms of jobs, more supply of workforce compared to jobs would mean lower wages as there more workers competing for each job.
They benefit the economy by providing jobs, goods, and competition.
The pros of a free market include viewing both the services and productivity growth, global competition and cheap imports and an open economy that spurs innovation. The cons of a free market is lost jobs, workers facing pay-cut demands from employers and white collar jobs are vulnerable to operations that are moving offshore.
It helped create more jobs.
In a free-market economy hard work and personal initiative equal success. All businesses exist to make a profit and competition allows them to compete and provide customers with a selection, and the ability to get the best price for their product. In the free market system poorly made or expensive products will be rejected from the marketplace by the consumers.
Workers can't always change jobs when they want to.
A protectionist is a person/market company that believes free trade will weaken an economy and rob the nation's people of jobs.
They benefit the economy by providing jobs, goods, and competition.
because otherwise there would be no jobs or work there for the cycle of you earn money to get clothes food exedra
The pros of a free market include viewing both the services and productivity growth, global competition and cheap imports and an open economy that spurs innovation. The cons of a free market is lost jobs, workers facing pay-cut demands from employers and white collar jobs are vulnerable to operations that are moving offshore.
It helped create more jobs.
jobs and economy
Computer operator jobs have dropped 19% due to the economy and labor market. Computer operator jobs was at one point in very high demand. The economy has not helped in this matter.
In a communist state, job security is typically more guaranteed as the government controls employment opportunities and aims to provide jobs for all citizens. In contrast, in a free market economy, job security is subject to market fluctuations and individual performance, with less government intervention in job creation or protection.
In a free-market economy hard work and personal initiative equal success. All businesses exist to make a profit and competition allows them to compete and provide customers with a selection, and the ability to get the best price for their product. In the free market system poorly made or expensive products will be rejected from the marketplace by the consumers.
Its called the free market economy. Always good for the employer to deskill the workforce, saves on training and wages.
Workers can't always change jobs when they want to.
the economic effects of recession are business fail,people lose their jobs, and profit fails.