Question
Labor economics is studied as a distinct subfield of economics because the the concepts of supply and demand must be revised somewhat when applied to
Labor economics is studied as a distinct subfield of economics because the the concepts of supply and demand must be revised somewhat when applied to labor markets to reflect the fact that the demand for output is derived from the demand for labor used to produce that output.
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
