What Is the Supply of Labour?
What Is the Supply of Labour?
The supply of labour is the number of workers willing and able to work in a particular occupation at each wage rate. It is affected by monetary factors, such as wages, overtime and bonuses, and non-monetary factors, such as job satisfaction, working conditions and status.
Step-by-step lessons covering AQA A Level Economics 1.6.2 Influences upon the supply of labour to different markets for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.