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Wage-setting power

Wage-setting power

In a perfectly competitive labour market, the wage and employment level are determined by labour demand and labour supply. In an imperfect labour market, an employer, trade union or government can influence the wage.

8.3.8 wage determination in imperfect markets Lesson

  1. Intl A Level
  2. /Economics
  3. /8.3.8 wage determination in imperfect markets

Step-by-step lessons on CIE Intl A Level Economics 8.3.8 wage determination in imperfect markets. Each one builds up to exam-style questions.

Lessons