What Are Four Market Imperfections That Prevent Workers from Moving

question 65

Essay

What are four market imperfections that prevent workers from moving from their current jobs to take higher-paying jobs?

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Definitions:

Zero Funding

A situation in which no financial resources are provided or available for a project, initiative, or enterprise.

Seed Startup

An early stage of a startup's development, typically financed by seed capital to prove a concept or launch the first product.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from the online community.

Internet

A global network of computers and servers that allows for the exchange of data and information between users across the world.