Q1. How does political factors impact behavior in organization?
Q2. How does economical factors impact behavior in organization?
Q3. How does social factors impact behavior in organization?
Q4. How does technology impact behavior in organization?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
buy one get one free
Land, labor, or capital.
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
buy one get one free
Land, labor, or capital.
The supply of workers has increased!
a large supply of cheap labor.... and this came directly from the Georgia eoct test prep from US History.
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
Supply, demand, capital, labor--laws. Tariffs and taxes have an effect on the economy, too.
Factors affecting demand of labor :1) Wage rates fluctuations2) The need of factor input in a firm varies with time3) Increasing training costsFactors affecting supply of labor:1) Competitive labor market2) Working condition3) Inflation
A higher wage will increase the quantity supplied of labor, however it will not affect the entire labor supply curve. As for individual industries, it depends on the specific labor elasticity. If the Supply is inelastic, a relatively large change in wage will yield a relatively small change in quantity supplied. However, if the labor supply is elastic, a relatively small wage increase will return a relatively large quantity increase.
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
Supply, demand, capital, labor--laws. Tariffs and taxes have an effect on the economy, too.
Supply, demand, capital, labor--laws. Tariffs and taxes have an effect on the economy, too.