Skip to content

Course home

x
2.7.1 Role and operation of the labour market
x

What is the labour market?

What is the labour market?

The labour market is where households supply labour and firms demand it. The wage rate is the price of labour, usually measured per hour, week or year.

2.7.1 Role and operation of the labour market Lesson

  1. GCSE
  2. /Economics
  3. /2.7.1 Role and operation of the labour market

Step-by-step lessons on OCR GCSE Economics 2.7.1 Role and operation of the labour market. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons