Final dates! Join the tutor2u subject teams in London for a day of exam technique and revision at the cinema. 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

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.