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 production, total cost comprises of ...
Why is the law of diminishing returns a short run phenomenon? ...
One of the major factors that brings about changes in supply is ...
The best way to reduce the supply of money in the economy is to ...
Small enterprises finds it difficult to expand due to ...
The equilibrium price of mango is N1.00. If the price fall to 50k, there will be ...
The most generally accepted definition of Economics was given by ...
The most frequent occurring value in a given data is the ...