Economics (9-1) - 0987 CIE

Workers

Akopọ

Why does a surgeon earn many times more than a cleaner, and why does a minimum wage law help some workers but risk leaving others without a job at all? The answers lie in the labour market, where the same forces of demand and supply that set the price of goods also set the price of work: the wage.

In this lesson you will explore the wage and non-wage factors that shape people's choice of job, what drives the demand for and supply of labour, how trade unions bargain for their members, and how a national minimum wage works. You will also draw and interpret labour-market diagrams that examiners ask for again and again.

Awọn Afojusun

  1. wage and non-wage factors
  2. influences of the demand for labour and the supply of labour
  3. trade unions and their relative bargaining power
  4. government policy, including national minimum wage (NMW)
  5. drawing and interpretation of diagrams that illustrate the effects of: - changes in demand and supply in the labour market - national minimum wages

Akọ̀wé Ẹ̀kọ́

Most people earn their living by selling their labour, so the labour market decides how the income of an economy is shared out. Understanding it explains why wages differ between jobs, why governments set minimum wages, and why unions exist. It also gives you a second arena in which to use demand and supply analysis, this time with the wage as the price.

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Ìdánwò Ẹ̀kọ́

Oriire fun ipari ẹkọ lori Workers. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  1. The demand for labour is described as a derived demand because labour is wanted for: A. its own sake B. the goods and services it produces C. the wages it pays D. the taxes it raises Answer: B
  2. Which of the following is a non-wage factor affecting choice of occupation? A. the hourly wage B. the annual bonus C. the level of job satisfaction D. commission earned Answer: C
  3. A national minimum wage is normally set: A. below the equilibrium wage B. above the equilibrium wage C. exactly at the equilibrium wage D. at zero Answer: B
  4. Surgeons earn high wages mainly because: A. the supply of surgeons is low and demand is high B. the supply of surgeons is high C. the demand for surgeons is low D. surgery requires no training Answer: A
  5. A trade union's bargaining power is likely to be greatest when: A. the economy is in recession B. the firm is highly profitable and workers are hard to replace C. union membership is very low D. jobs are scarce Answer: B

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
O wa lori Android, Windows, macOS, ati Linux

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
O wa lori Android, Windows, macOS, ati Linux

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