Answer: The demand for Labour will rise while the supply for Labour will fall, this will cause the wage rate to rise
Explanation:
Competitive labour market : This is a market where there is many employers and unorganized employees to the level that a single employers in the market cannot influence the wage rate on their own either by refusing to employ or by refusing to be employed. The employers in the competitive labour market are wage taker. The wage rate in a competitive labour market is determined by the market mechanism of interplay of demand and supply. In the sense that, when the demand for Labour in the market is more than supply wage rate will rise, conversely if the supply for Labour is more than demand wage rate will fall. Then if demand for Labour is equal to supply wage rate will be favourable to both the employers and the employees in the market.
In this case, since some politicians are considering restricting immigration from these countries where the Labour comes from this will result in the shortages in the supply of labour and since demand cannot match up with the supply this will cause the wage rate to rise.
Having your clothes smell like cigarette smoke is an example of a <u>Social</u> cost of smoking.
The total social fee of smoking over a lifetime—consisting of both non-public expenses to the smoker and expenses imposed on others (such as 2nd-hand smoke and costs of Medicare, Medicaid, and Social Safety)—involves $106,000 for a woman and $220,000 for a man. The value in keeping with % over a lifetime of smoking: nearly $forty.00.
Social stigma and isolation - some smokers sense that they may be being looked down on. As smoking prices decline, many humans no longer need to be exposed to different peoples' smoke and are intolerant of smoking.
The ill outcomes of smoking on fitness are now not the handiest difficulty for the smoker but the complete population dwelling inside the identical society and sharing the economic system. Smoking is associated with a popular boom of fees concerned with multiplied morbidity, reduction of the social product, and extra mortality.
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Answer:
Product differentiation
Explanation:
some consumers generally not consider all market products as same like in question some consumers consider the variation in taste of coffee available in market . so this type of phenomena is know as product differentiation in market. In product differentiation consumer consider little variation in similar product regarding taste, color, smell, size and so on. mainly this process related to economics and management in which you study about product differentiation. It really provide edge to different competitors work in market. To sum up, when consumer consider unique qualities of product while choosing and buying it is know as product differentiation.
The <span>best </span>example of an item that fits in a particular category is called a prototype.
The judicial branch of the U.S. government is the system of federal courts and judges that interprets laws made by the legislative branch and enforced by the executive branch. At the top of the judicial branch are the nine justices of the Supreme Court, the highest court in the United States.
