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3.5.1 Demand for labour

Why is labour demand described as a derived demand?

A

Labour demand comes directly from firms’ demand for machinery and capital.

B

Labour demand comes from demand for the goods workers help produce.

C

Labour demand comes directly from workers’ willingness to supply their labour.

D

Labour demand comes from the government setting the market wage rate.

3.5.1 Demand for labour Flashcards

  1. A Level
  2. /Economics
  3. /3.5.1 Demand for labour

Flashcards for Edexcel A A Level Economics 3.5.1 Demand for labour, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 26 cards, matched to the Edexcel A A Level Economics (9EC0) specification.