Backward-Bending Supply Curve
Barron's Business Dictionary:
Top
Backward-Bending Supply Curve
Graph illustrating the thesis that as wages increase, people will substitute leisure for working.
Eventually wages can get so high that if they increase, less labor will be offered in the market.
Eventually wages can get so high that if they increase, less labor will be offered in the market.
| Backward Vertical Integration, Backup Withholding, Backup | |
| Bad Debt, Bad Title, Bad-Debt Recovery |
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
Read more