Labor markets
The labor market is an economic term for the availability of workers and the cost of employment. It plays a major role in the overall economy. As in other markets, the price for labor is largely determined by supply and demand, although the labor market is also heavily regulated in many countries.
The two types of labor markets are internal and external. Internal markets includes jobs and employees within a company. External labor markets are all jobs and workers that are not within a single company.
