0
What else can I help you with?
What is one of the major factors determining the level of wages?
The law of supply and demand.
Which of the following is one of the major factors determining the level of wages?
The Law of Supply and Demand.
What are the rewards of factor of production?
land- rent labour- wages capital- interests organisation- profit
What is the governments role in the factor market?
The role of the government in the factor market is to legislate favorable policies. The other factors include employment determination, wages and labor supply.
When determining the rewards of factors of production?
When determining the rewards of factors of production, economists consider the contributions each factor makes to the production process. Land typically earns rent, labor receives wages, capital generates interest, and entrepreneurship yields profit. These rewards are influenced by supply and demand dynamics, productivity levels, and the competitive environment in the market. Ultimately, efficient allocation and utilization of these factors maximize overall economic output and growth.
What is the major factors of determining the level of wages?
The law of supply and demand.
What is the major factors determining the level of wages?
The law of supply and demand.
What is one of the major factors determining the level of wages?
The law of supply and demand.
Which of the following is one of the major factors determining the level of wages?
The Law of Supply and Demand.
Which is not a factor that affects the level of wages?
the production possibilities frontier
Which is an example of total war?
The British government setting prices and determining wages.
Is an example of total war?
The British government setting prices and determining wages.
What is starting wages for a photographer?
well i would like to know what starting wages are for a photographer and what is the entrance level?
What of these goes through cycles according to the theory of the Iron Law of Wages?
The theory of the Iron Law of Wages suggests that wages fluctuate around a subsistence level due to the relationship between labor supply and demand. This theory implies that as population grows, wages tend to decrease to a subsistence level, leading to a cycle of low wages, increased population, and low wages again.
What are the rewards of factor of production?
land- rent labour- wages capital- interests organisation- profit
What has the author Keith Sydney Isles written?
Keith Sydney Isles has written: 'Wages policy and the price level' -- subject(s): Prices, Wages
What goes through cycles according to the theory iron law of wages?
population
