Labour Markets
Revision Notes on Labour Markets
Basics of the Labour Market
- Labour is a derived demand. This means that labour is demanded because there is demand for a product and therefore workers are needed to produce the good.
- Labour is a factor of production like capital
Economic Rent and Transfer Earnings
- Transfer Earnings: This is what a person must be paid to prevent him moving to another job
- Economic Rent: This is anything above the transfer earnings
Essays and Revision Notes on Labour Markets
- Labour Markets home
- Demand for Labour
- Supply of Labour
- Wage Determination
- Labour Market Imperfections
Flexible Labour Markets
- Flexible Labour Markets
- Adv and Disadvantages of Flexible Labour Markets
- Increasing Labour Market Flexibility
- Changes UK Labour Markets
- Participation Rate
- Trades Unions
- Ageing Population
Minimum Wages
Essay Questions on Labour Markets
- Labour Markets at Wikipedia
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