Labour market basics
Labour market basics
A labour market is where workers sell labour services and employers buy them. The wage rate is the price of labour, usually per hour, week, or year, and quantity of labour can be measured in workers or hours.
Step-by-step lessons on Eduqas A Level Economics Wage determination. 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.