Question

Explain and Name two factors on which supply of labours depends ..

Answer 1

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Answer :-

1) Wage consideration: Labourers are more attached to highly paid jobs so the supply of labour will be more, and for low paid jobs the suply of labour is very very very lessss!

2) Size of population: Those countries which have large population is less population , suply of labour is more and those countries where the size of population is less, the suply of labour is less.

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Answer 2

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Factor # 1. Participation Rate as Labour Force:

Normally the number of labourers is based on the population. How much percentage does really work. It depends on the persons of 14 to 60 years age which is totally based on the ratio of population.

Factor # 2. Number of Hours the Labourers is Willing to Work:

The second aspect of supply of labour is hours of work or time. Supply of labour cannot be determined without knowing that how many hours the work is done. The working hours have been reduced with the movement in labour organisations .

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