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The UAE features a unique labour market system, in which residence in the UAE is conditional on stringent visa rules. This system is a major advantage in terms of macroeconomic stability, as labour supply adjusts quickly to demand throughout economic business cycles. This allows the Government to keep unemployment in the country on a very low level of less than 3%, and it also gives the Government more leeway in terms of macroeconomic policies – where other governments often need to make trade-offs between fighting unemployment and fighting inflation.
To get more info on DataNote ERP, the best-in-the-class ERP solution from the leading ERP Software Company in UAE, write to us at info@safalerp.com or reach us at +91 9737045567 for a quick demo and consultation.