1.6.2 Influences upon the supply of labour to different markets
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Labour supply in a market

Labour supply in a market

Side-by-side figure showing an individual labour supply curve that bends backward at high wages and a market labour supply curve sloping upward

A labour market is where employers demand labour and workers supply labour in return for wages. The supply of labour is the number of workers, or total hours of work, that people are willing and able to offer at different wage rates over a period of time.

1.6.2 Influences upon the supply of labour to different markets Lesson

  1. A Level
  2. /Economics
  3. /1.6.2 Influences upon the supply of labour to different markets