TITLE

WORK, SUBJECT OF LABOR MARKET TRANSACTIONS

AUTHOR(S)
PIVODĂ, ROXANA MIHAELA
PUB. DATE
December 2012
SOURCE
Economics, Management & Financial Markets;Dec2012, Vol. 7 Issue 4, p559
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Labor, the main production factor traded on the labor market, actually represents the essence of the functioning mechanism of this market. Labor was appreciated by Adam Smith as the unique source of wealth of the nations, and by John Maynard Keynes as the one that produces everything. In the factors of production system, work occupies the first and perhaps the most important place, due to the fact that thanks to it the combination and efficient use of the other factors of production are achieved.
ACCESSION #
86434053

 

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