The Labor Market and the Specifics of Its Functioning in the Republic of Tajikistan: The Theoretical Aspect

One of the priorities of the socio–economic development of the Republic of Tajikistan is to improve the welfare of the people and ensure a balanced labor market. In the context of labor shortages in regional economies, the development of the labor market based on matching supply and demand is not only an economic but also a political task, as it helps to reduce tension in society. Economic scientists have paid much attention to the development of theoretical aspects of the labor market in various periods of the development of economics, as one of the main structural elements of the reproductive process. Representatives of various schools of mercantilism (T. Man), political economy (A. Smith, D. Ricardo and others), Keynesianism (J. M. Keynes), monetarist economic school (M. Friedman, R. Hom) and others, much attention was paid to the economic content of such elements of the labor market as unemployment, employment, etc. The labor market of the Republic of Tajikistan as a whole, as well as in the context of regions, has specific features related to population growth, the discrepancy between supply and demand for labor resources, and migration processes. The article provides a theoretical analysis of the concept of "labor market" and provides an author's position on this topic.