Teacher CPD: Join us in London for another packed programme of face-to-face CPD courses. Learn more


Labour market failure

A labour market in which there is not an efficient allocation of resources. Reasons for labour market failure include:

Economic inactivity
Skills shortages
The action of trade unions
The action of monopsony employers
Labour immobilit

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.