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the amount of goods and services produced

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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.


What is the elasticity of labor?

The rate at which any change in labor effects demand of labor or supply.


Why was there high demand for slave labor in the Carolina's?

growing rice required much labor,so the demand for slaves increased.


Why was there a high demand for slave labor Carolinas?

growing rice required much labor,so the demand for slaves increased.


Why was there a high demand for slave labor in Carolina?

growing rice required much labor,so the demand for slaves increased.