ECONOMIC AND LABOR MARKET SECURITY UNDER ASPECTS OF INTERPRETATION IN DIFFERENT LANGUAGES

The article deals with some definitions of economic security and labor security in two different languages, German and Ukrainian and the translation into English language to compare them to each other. The author's purpose is to show a different understanding by means of direct comparison of such expressions in different languages and societies with different development and socio-political structure is only possible by using common language (equal understanding). Author discovered that the expression "labor security" neither exists in Ukrainian nor in German language, only as an English expression. Labor security can only be build by social responsibility of enterprises, which have their own interest in for a long term. Author gives an own definition of "labor security". It must be a concept between business entities and government as a common project to raise prosperity of the population, to attract foreign investment, to establish payable social security and domestic markets development on. Economic and labor market security should be a base for social responsibility, economical development and innovation based on a high level of education.