Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Additionally, another imbalance is generated by the reduced bargaining power of the employees, who are no longer able to switch jobs. Additionally, when a monopoly is formed, the employees are rarely presented with the opportunity / possibility of forming or joining unions.
In an oligopoly situation, the situation is similar to a monopoly, with the specification that the employees are better able to negotiate terms and conditions as they have the ability to switch employers. An oligopoly is formed when the employment power -- or the demand for labor force -- is held by two or more organizations which joined forces on the market and an example is offered by the American automobile industry. Here however, other forces include the disequilibrium, such as more and more popular outsourcing operations or the search for hi-tech technicians. The annexed table reveals the market equilibrium for the auto industry in various contexts.
Finally, in a monopolistic competition, the equilibrium is more easily achieved as both...
Take for instance the case of the Whole Foods Market company, a rather niche organization focused on the sale of organic products. Given the limited consumer market they address as well as the specific products they sell, their employment opportunities (demand for labor force) are limited, creating as such an imbalance.
The competition in the industry is yet another determinant of labor force imbalances. Established by elements such as barriers to entry or the number of economic players within the industry, high levels of competition among employers tend to reduce the imbalances, whereas low numbers of employers tend to increase the imbalances in the labor force market.
References:
Whole Foods Market Website, http://www.wholefoodsmarket.com / last accessed on June 16, 2010
Commodity Investing Are there potential risk reduction and diversification opportunities in adding commodities to a Norwegian investor's asset portfolio? Recent global economic turmoil has inspired investors all over the globe to look for ways to protect their portfolios and to continue to make them grow despite a weak economy. Investments in commodities have been suggested as a solid hedge against future turmoil in the markets. The question is whether this is good
Though municipal untreated tap water can be used for premix (as opposed to post mix when soda syrup was mixed on site) that comes from the beloved soda fountain in most restaurants the marketing of the Aquafina brand is still likely to be present and bottled Aquafina is often sold there. If on the other hand an individual asks for a cup for water and then pours water from
region suffering from resource shortages. The writer explores the region of Iraq and its current problems with water, food, power and other issues. The writer looks at the problems, the political and economic issues behind the problems and how the problem is affecting the society. The writer then defends the resource management decisions that are being proposed. There were four sources used to complete this paper. In recent years the
Resource/Competitive Positioning Comparing and Contrasting Resource-Based Strategies with Competitive Positioning Strategies Resourced-Based Strategies Competitive Positioning Strategies Strategies For-Profit in the 21st Century There are two schools of thought regarding the composition of a competitive strategy. The first is resourced based. This approach identifies key resources and seeks to leverage these in order to provide value to the consumer and achieve a competitive advantage in the marketplace. The next strategy begins with identifying a niche or
Human Resource in Aviation Industry Human resources are a set of individuals who make the workforce of an economy. Human capital is a term related to human resources, but to a narrow scope, the term relates to knowledge and skills of a worker. Human resource represents people, Labor, Manpower or talent. Companies view employees as assets, whose actions and skills add value to the organizations. Firms need to practice effective human
This is dangerous as if the resource is not worth, or if it is not managed well, the economy will collapse. Moreover, these other industries are equally beneficial for growth of the nation hence a country that concentrates its factors of production on the natural resource suffers the curse. Moreover, the natural resources that are discovered can be depleted. Therefore, a country or an economy dependent on the resource