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Competitive labour-market equilibrium

Competitive labour-market equilibrium

A perfectly competitive labour market has many firms and workers, none of whom can influence the wage. Labour demand slopes downward, while labour supply usually slopes upward.

1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets Lesson

  1. A Level
  2. /Economics
  3. /1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets

Step-by-step lessons on AQA A Level Economics 1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets. 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.

Lessons