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Llana [10]
2 years ago
14

How are wages determined in the labour market

Social Studies
2 answers:
Artist 52 [7]2 years ago
6 0

Answer:

According to most economics textbooks, our wages are determined just like any other price: by supply and demand. People supply their labor, and companies demand it, creating a market for labor.

Explanation:

Yuki888 [10]2 years ago
4 0

Answer:

In a competitive labor market, the equilibrium wage and employment level are determined where the market demand for labor equals the market supply of labor. Like all equilibrium prices, the market wage rate is determined through the interaction of supply and demand in the labor market.

Explanation:

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Latitude and longitude make up the grid system that helps humans identify absolute, or exact, locations on the Earth’s surface. There is a relationship between latitude and temperature around the world, as temperatures are typically warmer approaching the Equator and cooler approaching the Poles.

Explanation:

Hope this helps! :)

8 0
3 years ago
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Psychoanalysis

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Answer:

They can influence the mass media

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