Definition of Labor economics:
Study of economic behavior of employers and employees in response to changing prices, profits, wages, and working conditions.
How to use Labor economics in a sentence?
- The labor economics professor explained that individuals chose how much to work by maximizing their utility while staying within the means of their budget.
- If labor economics were used more by government as an indicator of the economy over the stock market, the American workforce would be in a better position and the overall economy in better health.
- He was very smart in the area of labor economics and he let us know that the reason he was so well versed, was because he went to law school.
Meaning of Labor economics & Labor economics Definition