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the amount of goods and services produced
What else can I help you with?
Why is labor an active factor of production?
it can be increased or decreased based upon demand
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
What will cause the capital stock when it increases?
Increases in the stock of capital will cause which of the following?The demand of labor increases.The demand of labor decreases.Selected answer No change in the demand of labor.First increase then decrease the demand of labor
Saudi Arabia is dependent upon other countries for?
It is dependant for food
Is there demand for computer scientist in the future?
Yes of course. The demand is increasing and will continue to increase as more devices become software dependant.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What does the demand for labor contribute to?
Demand for labor contributes to how much wages should be
Why was there a high demand for slave labor in the Carolinas?
growing rice required much labor,so the demand for slaves increased.
The severity of an electrical shock is dependant upon what three things?
The severity of an electrical shock is dependent upon three things. Location or the proximity to the source. The second is amperage, the duration of the exposure and the pathway in the body. The third is the distance of the source.
Do producers supply or demand labor?
Producers supply labor, as they are the entities that create jobs and offer employment opportunities. In the labor market, producers seek to hire workers to fulfill their production needs, thus driving the demand for labor. Conversely, workers provide their labor in exchange for wages, making them the demand side of the labor market. Therefore, while producers supply labor in terms of job availability, they demand labor to meet their operational requirements.
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
Why was there a high demand for slave labor Carolinas?
growing rice required much labor,so the demand for slaves increased.
