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Labour as a Derived Demand

Labour as a Derived Demand

Labour demand curve with wage rate on the vertical axis and quantity of labour on the horizontal axis

Demand for labour is the number of workers firms wish to employ at each wage rate. It is a derived demand because firms demand workers for the goods and services they produce, rather than for the workers themselves.

3.5.1 Demand for labour Lesson

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

Step-by-step lessons on Edexcel A A Level Economics 3.5.1 Demand for labour. 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