The determination of wages in a labour market depends on ...
The determination of wages in a labour market depends on the______
Government
People
Interaction between demand and supply of labour
Economy
Correct answer is C
Irrespective of the presence of labour unions, labour laws and other forces, the interaction between dd and ss of labour determines the wages in a labour market i.e where dd for labour equals ss of labour.
Air is essential to life but commands no price! Diamond is not essential to life but commands a h...
When a government cuts down her expenditure to reduce inflation, she has embarked on__________ ...
If there is an increase in demand without a corresponding increase in supply, there will be a ...
Which of the following institutions does not operate in the money market? ...
Economic problems arises because ...
At the consumer equilibrium, the slope of the indifference curve is ...
Agriculture is important to the economy of West African countries because it is the source of ...