Determants of Wage rate in a labour market quick quiz 5.0 / 5 based on 1 ratingTeacher recommended ? EconomicsThe labour marketASEdexcel Created by: LottieCreated on: 20-12-11 14:51 What is derived labour? labour that derives from the goods or services it makes e.g. building workers are derueved for the D for new houses 1 of 12 How does demand for a product affect labour? The more demand the more labour vice a versa 2 of 12 How doews wage affect the demand for labour? The lower the wage the more likely employers will want to employ people 3 of 12 How does productivity of labour affect the demand for labour? the more out put the more demand for labour there will be 4 of 12 How do employment regulations affect the demand for labour? less regulations the more labour wanted vice versa 5 of 12 What is supply of labour? quantity and quality of labour hours offered for work over a given time period 6 of 12 How does wage rate affect supply of labour? the higher the wage the more people want to work 7 of 12 How does other advantages of work affect supply of labour better working conditions mean more people want to work there 8 of 12 What does net migration do for the economy? it boosts it 9 of 12 How does less benefits affect supply of labour? less benefits= incentive to look for work 10 of 12 What do trade unions do to supply of labour? they will fight for better working conditions making more people want to work 11 of 12 How do gov regulations affect supply of labour? regulaitons such as the minimum wage increase workers however limits in times of working hours makes less want to work 12 of 12
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