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.
In a two-sector economy, income is a function of ...
An increase in government expenditure will lead to ...
Balance of trade can be define as ...
Which of the following assets of the commercial bank does not yield revenue? ...
The following are the objectives of economic planning EXCEPT ...
The concentration of industries in a particular geographical area is ...
The following are advantages of sole proprietorship except ...