BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Occupational labor mobility refers to the ability of workers to switch career fields in order to find gainful employment or meet the needs of industry. When conditions allow for high degrees of occupational labor mobility, it can help maintain strong employment and productivity levels.

Detailed explanation-2: -What Is Labor Mobility? Labor mobility refers to the ease with which laborers are able to move around within an economy and between different economies. It is an important factor in the study of economics because it looks at how labor, one of the major factors of production, affects growth and production.

Detailed explanation-3: -The mobility of labour is determined by industrial development. Workers move from different occupations and places to work in factories. Industrialisation also leads to urbanisation and workers move from rural and semi-urban areas to industrial centres and big cities.

Detailed explanation-4: -Horizontal labour mobility – this is a worker’s ability to move to another job at a similar pay grade, e.g. if you lose a job stacking shelves in Tesco, the worker gets a similar job at Sainsbury’s. Vertical labour mobility – this is the worker’s ability to move up and down the employment hierarchy.