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LOTERRE

LOTERRE

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Concept information

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]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-H52GX4KQ-6

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