The labour market 0.0 / 5 ? EconomicsThe labour marketA2/A-levelAQA Created by: JMunnersCreated on: 05-04-17 18:16 54862317 Across 1. the market power exercised in a market by the buyer of a good or the services of a factor production such as labour, even though the firm is not a pure monopsonist (9, 5) 7. total wage costs divided by the number of workers employed (7, 4, 2, 6) Down 2. there is only one buyer in a market (9) 3. a group of workers who join together to maintain and improve their conditions of employment, including their pay (5, 5) 4. demand for a good or factor of production, not wanted for its own sake, which is a consequence of the demand for something else (7, 6) 5. a wage rate that must by law be payed to employees (8, 7, 4) 6. the sum of the monetary and non-monetary benefits of working (3, 9) 8. an adult wage rate set by the UK government, which has replaced the adult national minimum wage rate (8, 6, 4)
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