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  • Economic Workers 8.1

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    Pramita
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    This document discusses factors that affect the demand and supply of labor. It defines different types of wages and compensation like salaries, commissions, bonuses, and benefits. It also examines non-wage factors, derived demand for labor, and how demand is impacted by demand for goods and services. Additionally, it explores the backward-bending supply curve for labor and differences between primary, secondary and tertiary sector workers.

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    This document discusses factors that affect the demand and supply of labor. It defines different types of wages and compensation like salaries, commissions, bonuses, and benefits. It also examines non-wage factors, derived demand for labor, and how demand is impacted by demand for goods and services. Additionally, it explores the backward-bending supply curve for labor and differences between primary, secondary and tertiary sector workers.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views3 pages

    Economic Workers 8.1

    Uploaded by

    Pramita
    This document discusses factors that affect the demand and supply of labor. It defines different types of wages and compensation like salaries, commissions, bonuses, and benefits. It also examines non-wage factors, derived demand for labor, and how demand is impacted by demand for goods and services. Additionally, it explores the backward-bending supply curve for labor and differences between primary, secondary and tertiary sector workers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    1.

    Wage / financial factor:

    Definition of,
    a. Wages:

    b. Salaries:

    c. Commisions:

    d. Bonus:

    e. Profit-Related Pay

    f. Share option

    g. Fringe benefit
    2. 5 Non wage Factor

    3. Demand for Labour is

    4. Derived demand is

    Example:

    Sketching the demand for labour curve

    5. Factors that affect demand for labour :

    6. Using graph, definition supply for labour…..


    7. Using graph, what the meaning of backward-bending supply for labour!

    8. State the structure of the supply for labour..

    9. State the abikity of workers to achieve higher wages!

    10. Explain and give an example about differences between primary, secondary & tertiary sector
    workers!

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