Abstract:
Any economic activity, under the conditions of a market economy, objectively associates the factor of production
capital, with another essential factor, the labor factor, which is obtained through the labor market, thus constituting a
market economy subsystem. The labor market is one of the most important elements of the market economy. The
functioning of the labor market is influenced both by the economic factors and by the social-institutional nature.
Economic factors are especially important for labor demand. Labor supply is modeled at the same time by economic
factors (salary level as the price of this factor), but also by factors with a social or institutional coloration.