Labour Is a Derived Demand
Labour Is a Derived Demand

Demand for labour is a derived demand. Firms employ workers because workers help produce goods and services that consumers want to buy.
Step-by-step lessons on AQA A Level Economics 1.6.1 The demand for labour, marginal productivity theory. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.