Skip to content

Course home

Demand for labour

What is the definition of derived demand in the labour market?

A

Demand for a factor of production that comes from the wage workers are willing to accept for helping to produce output.

B

Demand for a factor of production that comes from the number of workers available in the labour market at each wage rate.

C

Demand for a factor of production that comes from the government’s need to reduce unemployment by encouraging firms to hire.

D

Demand for a factor of production that comes from the demand for the final good or service it helps produce.

Demand for labour Flashcards

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

Flashcards for OCR A Level Economics Demand for labour, covering the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03. 21 cards, matched to the OCR A Level Economics (H460) specification. Recall questions account for roughly 25% of marks at A Level Economics, so these target the marks you can secure before the paper starts.