resource market

Definition

A marketplace for the exchange of labor, financial capital or raw materials. Many personnel managers need to tap into the job resource market rather than promoting from within the company in order to obtain qualified employees during times of substantial business expansion.

Use resource market in a sentence

  • You need to know where the resource market stands before you make a big investment into one incase you could get a better price.

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  • He was in the resource market and we knew that he would be offering us something good when we went to greet him.

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  • You should always have your eyes on the resource market so that if there is a dip you can take advantage.

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