Answer :
In the labor market, supply is provided by the employee.
False.
Explanation:
1. In the labor market, the supply is actually provided by the employers or companies looking to hire employees. Employers determine the number of job positions available, the wages offered, and other conditions of employment.
2. Employees, on the other hand, represent the demand side of the labor market. They are the ones seeking employment opportunities, and their decisions are based on factors like salary, job benefits, work environment, etc.
3. Therefore, it is the employers who supply job opportunities in the labor market, while the employees represent the demand for these opportunities.
By understanding this distinction between supply and demand in the labor market, you can have a clearer picture of how the job market operates and the roles played by both employers and employees.
False.
Explanation:
1. In the labor market, the supply is actually provided by the employers or companies looking to hire employees. Employers determine the number of job positions available, the wages offered, and other conditions of employment.
2. Employees, on the other hand, represent the demand side of the labor market. They are the ones seeking employment opportunities, and their decisions are based on factors like salary, job benefits, work environment, etc.
3. Therefore, it is the employers who supply job opportunities in the labor market, while the employees represent the demand for these opportunities.
By understanding this distinction between supply and demand in the labor market, you can have a clearer picture of how the job market operates and the roles played by both employers and employees.
