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Linked labour markets and competitive equilibrium

Linked labour markets and competitive equilibrium

Three labour market graphs showing competitive equilibrium, a rightward shift of labour demand, and a rightward shift of labour supply, with wages and employment labelled

A labour market is where employers demand labour and workers supply labour, with the wage rate as the price. There is not just one labour market, because workers can move between occupations, sectors and regions.

The interaction of labour markets Lesson

  1. A Level
  2. /Economics
  3. /The interaction of labour markets

Step-by-step lessons on OCR A Level Economics The interaction of 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