What is the ability to switch occupations based on demand called?

The ability to switch occupations based on demand is known as occupational mobility. This term specifically refers to the ease with which workers can move from one job or occupation to another, often in response to changes in labor market conditions or shifts in industry demand. Factors that influence occupational mobility include skill levels, training, experience, and the availability of jobs in various fields.

This concept is important in economics as it reflects a workforce's adaptability in responding to economic changes and fluctuations in demand. By being able to transition to different roles, workers can maintain employment and contribute to economic stability, fostering a more dynamic labor market.

The other options, while related to the concept of labor and employment, do not accurately capture the idea of switching occupations. Job flexibility tends to refer more to the ability to work different hours or adapt work conditions rather than changing occupations. Career adaption suggests a broader process of adjusting one’s career path, but it is less focused on the specific act of changing occupations in response to job market demands. Employment mobility typically pertains to the movement of individuals within the job market, including transitions between employers, rather than specifically addressing the ability to switch occupations.