Characteristic of labour market Labour market is a place where labour demand and labour supply meet. Labour market is a place where potential employees and employers have got an agreement about reward. This reward is called a wage. Characteristic of unemployment Unemployment is an economical phenomenon when economical productive people want employ but they can´t. Criterions of unemployed person 1. Unemployed person doesn´t receive an income from employment. 2. This person is able working (this person has got a productive age or this person has got a good state of health). 3. This person is active in finding of job.
Division of unemployment Division of unemployment according to reason o Frictional unemployment Frictional unemployment is a situation when economical productive people lose a job because of new life´s situation. Frictional unemployment is a situation when economical productive people don´t like a job. ...