• L. Narayana Swamy

Abstract— Theory of Economic provides powerful, and surprising, insights into individual and social behavior. The insights help us understand the important aspect of our lives hence they are interesting. From the time when humans appeared on earth, we have had to work to secure what we needed to endure or to get better on standard of living, even our most primitive ancestors had to gather, hunt, and farm successfully or die. One of the most complicated task to capture the assortment of the economic activities of those who work and the majority of whom are found in developing countries. The study of the workings and outcomes of the market for labor is termed as Labor economics. More specifically, labor economics is primarily concerned with the behavior of employers and employees in response to the general incentives of remuneration, prices, profits, and no pecuniary aspects of the employment relationship. One of the basic assumptions of positive economics is that people are rational—they have an aim and pursue it in a reasonably reliable fashion.

Keywords—Labour, Labour Economics, Labour Market Concept,

"THE LABOUR MARKET MOBILITY AND ECONOMIC GROWTH ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.3, Issue 1, page no.123-126, January-2016, Available :http://www.jetir.org/papers/JETIR1701C67.pdf

"THE LABOUR MARKET MOBILITY AND ECONOMIC GROWTH ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.3, Issue 1, page no. pp123-126, January-2016, Available at : http://www.jetir.org/papers/JETIR1701C67.pdf