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Economic content and functional features of the labour market

Abstract

Labor market, in contrast to other types of market is characterized by a high degree of uncertainty, especially the operation, since it has to deal with a specific item. In this regard, the study of formation processes, the labor market and the development of an adequate regulatory framework is one of the priorities to be addressed in the near future for Kazakhstan. In foreign and domestic economic literature different, competing with each other, labor market theories developed. However, they have much in common, since they are based on the recognition of the leading role of market mechanisms at work. Two classes of theories can be distinguished among them: classical and radical that complement each other. For modern Kazakhstan the term «labor market» is a very complex and in many ways the new socio-economic category, with respect to which a consensus in economic theory has not been formed yet. However, according to most researchers, the labor market should be seen as a system of socio-economic and social relations between its subjects. The presence of specific goods (labor) in the labor market which has a number of characteristic properties, makes its functioning special. A variety of approaches to the identification of labor market functions are determined by role-working functions of a certain period in the development of society.

About the Authors

L. K. Mukhambetova
КазУЭФиМТ
Kazakhstan


D. M. Turekulova
КазУЭФиМТ
Kazakhstan


G. K. Chimgentbaeva
Таразский государственный университет им. М.Х.Дулати
Kazakhstan


References

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Review

For citations:


Mukhambetova L.K., Turekulova D.M., Chimgentbaeva G.K. Economic content and functional features of the labour market. Bulletin of "Turan" University. 2018;(2):119-125. (In Russ.)

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ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)