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The theory of wages are based on supply and demand for a worker's skills is called what theory?
Wiki User
∙ 12y ago
market theory of wage determination.
Wiki User
∙ 12y ago
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When is there an equilibrium wage?
When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
The theory that wages are based on the supply and demand for a worker's skills is the?
Its based on supply and demand READ THE BOOK CALL Principles and demand
When the demand does not meet supply what is that called?
Overproduction or glut or excess supply or demand shortage
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
When demands exceeds supply is called what?
supply or demand <3
When is there an equilibrium wage?
When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
The theory of wages are based on supply and demand for a worker's skills is called what?
market theory of wage determination.
The theory that wages are based on the supply and demand for a worker's skills is the?
Its based on supply and demand READ THE BOOK CALL Principles and demand
If the supply of workers and demand for workers is at an equilbrium what would be true?
there is no pressure to raise or lower wages.
When the demand does not meet supply what is that called?
Overproduction or glut or excess supply or demand shortage
When did migrant workers start and why?
Migrant Workers began working in the 18th century. They work when one country does not have enough workers to supply the demand.
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
When demands exceeds supply is called what?
supply or demand <3
What happens to the equilibrium wage when the demand for workers is high and supply is low?
Wage goes down.
What happens when demand for workers is high and supply is low to the equilibrium wage?
Wage goes down.
What generally happens to the equilibrium wage when demand for workers is low and supply is high?
Wage goes down.
What generally happens to the equilibrium wage when demand for workers is high and supply is low?
Wage goes down.
