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Businesses don't usually compete on price. They're price setters in general and people are price takers.
by cool_dude85 3y ago
Businesses don't usually compete on price. They're price setters in general and people are price takers.
- ghastmaster 3y agoIn this case, the potential employee would be setting the price of their labor and trying to sell that to the employer. While typically the employer does make the offer, it is akin to going to a market and advertising that I(employer) would like to buy tomatoes(labor) for $.50/lb. The seller of tomatoes is still setting the price if they decide to sell.