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What is labor in economics?

Labor is work done for wages. Labor Economics is the study of the economics surrounding labor. Researchers may study what choices affect the decisions concerning labor.


When was Journal of Labor Economics created?

Journal of Labor Economics was created in 1983.


How is scarcity related to study of economics?

Economics at its heart is the study of decisions made in order to efficiently allocate resources. Scarcity refers to the lack of unlimited resources in regards to the three inputs of production, labor, land and capital.


Relationship of economics with other subject?

Economics, the study of how to locate resources, is related to the social sciences, natural sciences, and humanities. Economics is important in the study of political science, when studying the structure and functions of governments and how they relate to each other. Economics is related to history when studying imperialism, class conflicts, labor, and historic economies.


What does the study of economics include?

Economics is the study of wealth and its distribution.


Why is it necessary to study economics?

Because Economics is a Study of Body of Knowledge.


What is the study of economics an important exercise?

why is the study of economics an important exercise


What is the definition of labor in economics?

the definition of labor and economic


What has the author Derek Laing written?

Derek Laing has written: 'Labor economics' -- subject(s): Labor economics


What is study of economics called?

It is called economics


What has the author Melvin Warren Reder written?

Melvin Warren Reder has written: 'Labor in a growing economy' -- subject(s): Labor economics, Labor and laboring classes 'Studies in the theory of welfare economics' -- subject(s): Economics, Welfare economics


Why study the labor economics?

Meet in the club its going down meet in the mall its going down anywhere you meet you know its going down