1. Labour market policy
... matter. There also has to be a stable intervention that seeks to increase efficiency and/or increase the equality of the labour market. A well-prepared and functioning labour market is critical to the general well-being of a country and their economy. A functioning market causes: lower employment rates; higher productivity and growth; equitable distribution of income; and an equitable distribution of opportunities for citizens. There are two sets of public ... labour markets: 1) Labour relations systems (rules/laws governing relationships among employers, workers and their representativ...
- Word Count: 861
- Approx Pages: 3
- Grade Level: High School