How labor markets are different from regular consumer market

Solution

Labor market refers to the system where demand for labor and supply for labor interacts. On other hand, consumer market refers to the system where demand and supply for goods and services are made.

Labor market is dependent on the consumer market. Higher activities in consumer market automatically leads to the higher activities in labor market as well. Thus, demand for labor is considered as derived demand.

Ultimately, both market are coorelated to each other and seek to influence each other as well.