Concept information
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sociology of work
sociology of work encyc
globalization and cross-national perspectives on work
labor markets
Preferred term
external labor markets
Definition(s)
- Labor markets provide a mechanism for employers and employees to agree on terms for exchanging labor input for wages. In accepting an employment relationship, a worker agrees to receive wages (and other inducements) in exchange for submitting to the directives of the employing organization within some zone of indifference. [Source: Encyclopedia of Business in Today's World; External Labor Market]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-H52GX4KQ-6
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