Explain Why Labor Markets Are Different from Goods Markets

question 61

Essay

Explain why labor markets are different from goods markets. Make sure to include in your answer who is doing the demanding and who is doing the supplying.

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Definitions:

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to all parts of the body.

Veins

Blood vessels that carry blood towards the heart from various parts of the body.

Hemocoel

A primary body cavity of most invertebrates, containing circulatory fluid instead of blood and distinguished by the lack of a true coelom.

Hemolymph

The fluid equivalent to blood found in most invertebrates, which occupies the interior cavity of the body and directly bathes the internal organs.