Determants of Wage rate in a labour market

quick quiz

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  • Created by: Lottie
  • Created 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
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How does demand for a product affect labour?
The more demand the more labour vice a versa
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How doews wage affect the demand for labour?
The lower the wage the more likely employers will want to employ people
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How does productivity of labour affect the demand for labour?
the more out put the more demand for labour there will be
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How do employment regulations affect the demand for labour?
less regulations the more labour wanted vice versa
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What is supply of labour?
quantity and quality of labour hours offered for work over a given time period
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How does wage rate affect supply of labour?
the higher the wage the more people want to work
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How does other advantages of work affect supply of labour
better working conditions mean more people want to work there
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What does net migration do for the economy?
it boosts it
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How does less benefits affect supply of labour?
less benefits= incentive to look for work
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What do trade unions do to supply of labour?
they will fight for better working conditions making more people want to work
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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
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Other cards in this set

Card 2

Front

How does demand for a product affect labour?

Back

The more demand the more labour vice a versa

Card 3

Front

How doews wage affect the demand for labour?

Back

Preview of the front of card 3

Card 4

Front

How does productivity of labour affect the demand for labour?

Back

Preview of the front of card 4

Card 5

Front

How do employment regulations affect the demand for labour?

Back

Preview of the front of card 5
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Comments

izzy

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a few spelling/grammar mistakes, but very good quiz!

davidsalter

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12 questions to test knowledge on how wages are determined. Makes a break from reading and may pin point revision needs.

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