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Minimum wage prevents companies from paying employees less than what they are worth, safety laws keeps these workers safe
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How do antitrust laws affect the circular flow of the free market?
They speed up the flow of capital and wages
How are wages determined in a free market?
by the laws of supply and demand
How can laws ensure that markets work in a manner that is fair?
The Minimum Wages law ensures that workers are not exploited and are not over worked by companies that hire them. Law keeping checks on the good ensures that sub-standard goods not enter markets.
What All of the following factors affect the level of wages except?
Wages can be influenced by various factors such as supply and demand for labor, the level of education and skills of the workforce, industry standards, and the overall economic conditions. However, personal characteristics like an employee's age, gender, or ethnicity should not directly affect wage levels, as these factors are often subject to anti-discrimination laws. Therefore, while many factors play a role in determining wages, personal attributes unrelated to job performance do not.
What was one reason the businesses moved to the south?
Wages in the south were lower than wages in the north apex
How minimum wage and safety laws affect wages?
Minimum wage prevents companies from paying employees less than what they are worth, safety laws keeps these workers safeRead more http://www.kgbanswers.com/how-do-minimum-wage-and-safety-laws-affect-wages/21422709#ixzz2l4j2RJaK
What factors affect the level of wages?
gcses and how long you've been working there
How are the laws of a country based on economics?
Many laws of any country impact that country's economics. Tariff laws on imports and exports affect the price of goods in the country. Laws pertaining to minimum wages affect the living standards of many of its citizens. These laws also impact the cost of goods in a country. Laws that affect the nations national bank or other institutions can play a role of interest rates in that country.
Why do countries have different minimum salary and wages?
The laws supply and demand dictate different salaries.
How do antitrust laws affect the circular flow of the free market?
They speed up the flow of capital and wages
Enforces the federal laws that set minimum safety and health standards through the Occupational Safety and Health Administration?
Labor
Describe what health and safety laws and guidelines affect the use of IT?
The rules and safety laws that affect the use of IT is that people with bad sight need to use a magnifier while using the computer.
Which division of the Department of Labor enforces federal laws that set minimum safety and health standards in most work situations?
The Occupational Health and Safety Administration enforces work health and safety laws.
What enforces the federal laws that set minimum safety and health standards throughout the occupational safety and health administration?
Occupational safety and health division
Which US states do not have a minimum wage?
Louisiana, Mississippi, Alabama, South Carolina, and Tennessee do not have minimum wage laws. This does not mean they do not have minimum wages because there is a federal minimum wage that these states must still enforce. States can only choose to have higher minimum wages than the federal law or have no specific law at all and enforce the federal law.
How do anti trust laws affect the circular flow of the free market system?
They speed up the flow of capital and wages
Three examples of laws that congress can enact under the constitution?
Civil Rights Law, Income tax law and minimum wages law are examples of the laws enacted under constitution. Congress holds the right to enact these laws.
