Lecture 3 - Economic Dimension Flashcards
1
Q
Name 4 key economical structures of society
A
- Capitalist pursuit for profit
- Global competition
- Neo-liberal regulation
- Demographics
2
Q
What is the difference between a short and long run of labour
A
Short run perceives labour as a trade off of time as a finite resource
Long run perceives labour as human capital
3
Q
Name two forms of labour market
A
- Institutional
2. Dual labour market (core and periphery)
4
Q
Name the two groups within the economic dimension
A
- Economic structure of society
2. Labour markets