The Labour Market: Chapter 2
- Created by: BenBE_19
- Created on: 16-03-19 10:50
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- The Labour Market: Chpt 2
- Market Conditions
- Demand
- Derived
- Stems from the demand from the good / service they provide
- Consumers decide who's in work
- Stems from the demand from the good / service they provide
- Derived
- Equilibrium Price
- Supply
- Dynamic Economy
- Possibility of shortages and surpluses
- Google Case Study
- Inc in searches
- Inc in demand
- Inc in wages
- Inc in demand
- Inc in searches
- Demand
- Non price determinants of demand
- Derived
- Same as factors affecting demand for goods
- IR ACIST Pop
- Interest Rates
- Advertising
- Complementary Goods
- Incomes
- Substitutes
- Tastes
- Population
- Plus Technology
- Reduce dem for labour
- Automation
- Digitisation
- Inc in potential to inc profits
- Machines Cheaper
- More reliable
- More ecficient
- Reduce dem for labour
- Plus Technology
- Reduce dem for labour
- Automation
- Digitisation
- Inc in potential to inc profits
- Machines Cheaper
- More reliable
- More ecficient
- Reduce dem for labour
- IR ACIST Pop
- Same as factors affecting demand for goods
- Derived
- Non price determinants of supply
- Labour forms the biggest cost
- Has the most influence on the supply of the product
- Non financial aspects
- Real wages in alternative jobs
- Training requirements
- Immigration levels and abilities
- Emigration levels and abilities
- Supply inc, real wages fall as much easier to get
- Labour forms the biggest cost
- Impact of Brexit
- Immigrants
- Inc demand for goods and services
- NOT EQUAL
- Low wages mean that demand is much lower.
- Cheap labour
- They cant afford to inc demand for expensive products
- Cheap labour
- Benefits the middle class
- Inc supply of labour
- More people available
- Easier to replace
- Lower wages
- Lower costs
- Lower prices
- Inc in real wages for consumers
- Lower prices
- Lower costs
- Lower wages
- Easier to replace
- More people available
- Inc supply of labour
- Low wages mean that demand is much lower.
- NOT EQUAL
- Put pressure on wages and make them fall due to an inc in the supply of labour
- NOT EQUAL
- Low wages mean that demand is much lower.
- Cheap labour
- They cant afford to inc demand for expensive products
- Cheap labour
- Benefits the middle class
- Inc supply of labour
- More people available
- Easier to replace
- Lower wages
- Lower costs
- Lower prices
- Inc in real wages for consumers
- Lower prices
- Lower costs
- Lower wages
- Easier to replace
- More people available
- Inc supply of labour
- Low wages mean that demand is much lower.
- NOT EQUAL
- Inc demand for goods and services
- Immigrants
- Market Conditions
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