Model of Economic Development on the Way to Overcome Unemployment and Labor Force Growth

  • Silvestru MAXIMILIAN Department of Economics, Marketing and Tourism, Moldova State University, Kishinev, Republic of Moldova
  • Alexandru A. GRIBINCEA Department of Economics, Marketing and Tourism, Moldova State University of Kishinev, Republic of Moldova
  • Corina GRIBINCEA Department of Financial and Monetary Research, National Institute for Economic Research, Kishinev, Republic of Moldova
  • Manal HABASHI Department of World Economy and International Economic Relations, Institute of International Relations of Moldova, Kishinev, Republic of Moldova
  • Maxim SANDU Free International University of Moldova, Kishinev, Republic of Moldova

Abstract

In the modern world, in the context of the global economic crisis, the problem of employment is urgent. The main feature of staff in an enterprise is the degree of individual responsibility for the ultimate outcome of organization and creativity at each workplace within the organization. Attitudes towards staff have come from treating them as a work force, like a traction animal, to treating staff as human capital: the attitude towards them has changed, the employees' responsibility for the result. Therefore, the main objective of the work is to develop a model of economic growth. Determined that an important indicator of labor resources is its quantity. The number of labor resources is influenced by demographic factors: fertility and mortality. The peculiarity of the labor market is related to the specific nature of the product itself – the inseparability of the owner of the workforce; the buyer only receives the right to use part of the workforce for a certain period of time; legal liability is possible; economic damage due to loss of loyalty, because the employee can work with different returns.

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Published
2019-10-30
How to Cite
MAXIMILIAN, Silvestru et al. Model of Economic Development on the Way to Overcome Unemployment and Labor Force Growth. Journal of Advanced Research in Law and Economics, [S.l.], v. 9, n. 6, p. 2060-2071, oct. 2019. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/3972>. Date accessed: 25 feb. 2024. doi: https://doi.org/10.14505//jarle.v9.6(36).21.