Labour market flexibility  

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The degree of labour market flexibility is the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.

The most common definition of labour market flexibility has been the neo-liberal definition. This entailed the ease of labour market institutions in enabling labour markets to reach a continuous equilibrium determined by the intersection of the demand and supply curves.

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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Labour market flexibility" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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