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Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
Discuss in details of productivity and labor welfare?
oWhat is the relationship between Marginal Productivity of Labour and Labour welfare
Which act governs the relationship between trade unions and employers?
The National Labour Relations Act
What is differences between the labor market and the product market?
Relationship with humal capital & labour market
Definition of labor relation?
Labour Relation-relationship between employers and employees,in order for them to achieve organizational goals,
What are the major uses of labor economics to an economy?
Labour economics recognises the ability of man towards productivity. It measures the quality of work done and pays adequate remuneration for work dome. Labour economics determines the various category of labour for example,skill, unskilled etc. the study of labour economics gives employers the knowledge to equip employees the necessary tools to be able to perform. labour economics has generated other functions like labour law among others that regulate employer/employee relationship.
Draw a diagram with marginal product and average productExplain the relationship between marginal product and average product?
Marginal product is any input in the production process is the increase in the quantity of output obtained from on additional unit of the input. Average product is the output produced when one more unit of the variable factor is employed The relationship is state as: If labour's marginal product is exceed its average product that means labour's average product will be rising. Labour's average product will be falling. If labour's marginal product is less than its average product. If labour's marginal product is equal its average product and the average product will reach the minimum value at the point.
What are the tripartite relationship in labour relation?
A tripartite relationship is essentially a relationship between an employee, employer and the state with the primary focus on the interactions between the employer and employee and the state filling a supportive or secondary role (Venter and Levy, 2009:9).Farzana Anthony
Why does SA have such a pro-labour labour legislation?
Why does sa have such pro-labour labour legislation
What is labour costing?
this is the study of labour which entails analysis and calculation of labour remuneration, recording of labour hours, introduction of incentives, recording of labour related cost and allocation of labour cost to products.
Definition of Labour and types of Labour?
Labour refers to all the various categories of skills and occupations found on the labour market. The types of labour are: SEMI- SKILLED UNSKILLED MANAGERIAL AND PROFESSIONAL
What is back labour?
Back labour is a feeling of intense pain in one's back while in labour.
