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.
Which of the following is a disadvantage of large scale production? ...
The formular used by the Expenditure approach to calculate National income is ...
The country will be over populated when ...
A disadvantage of a jont-stock company is ...
Which would you NOT consider an advantage of one-man business? ...
Palm oil industry is located in Old Bendel State because the state_____ ...
Which of the following situations can give rise to economic problems? ...