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Labour economics is to understand the functioning and dynamics of the market for labour. Labour market function through the interaction of workers and employers. Labour economic looks at the suppliers of labour services (workers), the demanders of labour services (employers), and attempt to understand the resulting pattern of wage, employment, and income. In economics, labour is a measure of work done by a human being. It is conventionally contrasted with such other factors of production as land and capital. There are theories which have been developed for concept called human capital although there are also counter posing macro-economic system theories that think human capital is a contradiction in terms.
OMICS Group International is a pioneer and leading scientific event organizer, publishing around 400 Open access journals and conducting over 300 Scientific Meetings all over the globe annually with the support of more than 1000 scientific associations, 30,000 editorial board members, and 3.5 million followers to its credit. Raising its curtains in the year 2007, OMICS Group International aims to disseminate knowledge with the help of its Open access Journals and marches on to instigate OMICS Group International Conferences in the year 2010, to provide a meaningful platform for the world renowned scientists, researchers, students, academicians, institutions, entrepreneurs and industries through its scientific events annually throughout the globe.
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This page was last updated on 28th Jan, 2015
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