When we think about demand and supply curves in goods and services markets, it is easy to picture the

demanders and suppliers: businesses produce the products and households buy them. Who are the

demanders and suppliers in labor and financial service markets? In labor markets job seekers (individuals) are

the suppliers of labor, while firms and other employers who hire labor are the demanders for labor. In financial

markets, any individual or firm who saves contributes to the supply of money, and any entity that borrows

(person, firm, or government) contributes to the demand for money.

As a college student, you most likely participate in both labor and financial markets. Employment is a fact of

life for most college students: According to the National Center for Educational Statistics, in 2018 43% of full-

time college students and 81% of part-time college students were employed. Most college students are also
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