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Labor Market Development Under Romania'S Integration In The European Union

Author

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  • NASTASIE MIHAELA – ANDREEA

    (ROMANIAN ACADEMY, INSTITUTE OF WORLD ECONOMY BUCHAREST, ROMANIA)

Abstract

In all conditions of time and space, economic activity involving work objectively factor designed to exploit natural resources and monetary system in its interest. According to Adam Smith, the work is a primary factor, the original production was considered by him as the sole source of national wealth. This factor of production can be achieved through labor market that is in a competitive market economy. Transactions in this market have as their object or labor work. Employment policy work focus on boosting production and the flexibility of labor market through an easy tax for economic entities to make hiring, increasing the occupancy of the active population. In Romania, the pressures exerted on the labor market increasingly higher while the economy is subject to extensive qualitative transformations concerning privatization, restructuring and upgrading.

Suggested Citation

  • Nastasie Mihaela – Andreea, 2014. "Labor Market Development Under Romania'S Integration In The European Union," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 126-131, October.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:5:p:126-131
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