Flexible Labour Markets Allow Workers to Be Redeployed Rapidly to Sectors

question 72

True/False

Flexible labour markets allow workers to be redeployed rapidly to sectors of the economy where they are highly valued.

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Definitions:

Proprietorship

A type of business entity owned and operated by one individual, where there is no legal distinction between the owner and the business.

Contribution

The sum left over after variable expenses are subtracted from total revenue, which helps in covering fixed expenses and producing profit.

Stockholder

An individual or entity that owns shares in a corporation, giving them ownership interest.

Payment

The transfer of money, goods, or services in exchange for a product, service, or debt repayment.