In discussing the reasons why wages differ between occupa...
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasised?
Length and cost of training
Demand and supply
Attractiveness of the job
Influence of the trade union
Government intervention
Correct answer is A
In determining the wages of the workers in different occupations, allowances must be made for all the exercises incurred on training and time devoted for it. This makes option A (Length and cost of training) the correct answer.
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