Lecture 3 - Economic Dimension Flashcards

1
Q

Name 4 key economical structures of society

A
  1. Capitalist pursuit for profit
  2. Global competition
  3. Neo-liberal regulation
  4. Demographics
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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

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3
Q

Name two forms of labour market

A
  1. Institutional

2. Dual labour market (core and periphery)

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4
Q

Name the two groups within the economic dimension

A
  1. Economic structure of society

2. Labour markets

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