0
Because labor can be bought and sold in market like any other commodity the price of labor is partly determined by which of the following?
Wiki User
∙ 7y ago
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
Why are commodity futures contracts transferable?
Commodity future contracts are transferable (can be bought and sold), to realize a profit or loss, but the obligation in the contract remains valid.
Why commodity futures contracts re transferable?
They can be bought and sold but the obligation in the contract remains valid.
What are commodity trading charts used for?
Commodity trading charts are used for raw or primary products are being exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts.
What is the Consumer Price Index CPI?
an index determined by measuring the price of standard goods bought by urban consumers
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What is the term for something bought or sold?
Something bought or sold is a commodity. A commodity can be a service or goods (a product). There may be other terms in business that I'm not aware of, but commodity is the first that comes to my mind.
Why are commodity futures contracts transferable?
Commodity future contracts are transferable (can be bought and sold), to realize a profit or loss, but the obligation in the contract remains valid.
Can Islam treat money as other commodity that can be bought and sold at the profit?
No
Labor can be bought and sold in the in a market like any other commodity the price of labor is partly determined by what?
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
Why commodity futures contracts re transferable?
They can be bought and sold but the obligation in the contract remains valid.
Why commodity stock's earning is extremely price sensitive?
What do you mean by commodity stock? Do you mean a manufacturing company's stock or do you mean an ETF that invests in commodities? Commodities aren't stocks, they are bought and sold on commodity exchanges, usually in futures contracts.
Which of the following best explains why commodity futures contracts are transferable?
They can be bought and sold but the obligation in the contract remains a valid
How is an exchange price determined?
An exchange price is determined by the amount sold, and the amount bought.
Why do you consider information as a commodity?
Information can be considered a commodity because it is valuable and can be bought and sold on the market. With the growth of digital technology, there is a high demand for information, and individuals and companies are willing to pay for access to it to gain a competitive advantage. This has led to the rise of data brokers and monetization of personal information.
Where is it possible to learn about the commodity market?
Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts.
When a refiner such as Valero buys crude is the price they pay the current commodity price?
Not necessarily. They may have bought futures.
