external labor market meaning in Chinese

外部劳动力市场

The theory argues that labor isn " t fully assigned through the competiting market wages . in fact , labor assignment is mainly complete in the internal labor market . it is difficult for external labor market to explain the asymmetry between wages and the marginal revenue product of labor
该理论注意到劳动力并不完全是在外部劳动力市场上通过工资的竞争进行配置的，外部劳动力市场理论无法解释雇佣双方的工资与边际劳动产品价格的不对称现象，即雇佣双方在企业内部不是等价交换的。
Internal labor market comes into being because of such factors as : ( 1 ) information is asymmetric , ( 2 ) labor contracts are imperfect , ( 3 ) some knowledge in firm is tacit , and ( 4 ) human capital is characterized by specialization . internal labor market can efficiently overcome the shortcoming of external labor market
内部劳动力市场形成是由于外部劳动力市场存在以下不足： ( 1 )外部劳动力市场上雇佣双方的信息不对称性， ( 2 )劳动合同的不完备性， ( 3 )企业知识的默会性，以及( 4 )人力资本的专用性。