Question

Explain two causes of an increase in quantity of labour.​

Answer 1

Explanation:

1. Due to unemployment .

2. No proper education.

3. More demand for labour.

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Answer 2

A rise in the quantity of labour can be attributed to a variety of factors, including immigration, population growth, ageing populations, and shifting demographics. Immigration-friendly policies will boost the labour supply, and vice versa.

• Economic events have the ability to alter the equilibrium wage and labour supply. Consider how the U.S. economy's low-skill and high-skill workers have been impacted by the flood of new information technologies, such as computer and telecommunications networks.
• These new technologies frequently replace low-skill workers like file clerks, who once maintained file cabinets full of paper records of transactions, from the standpoint of companies who are in need of labour.
• High-skill professionals like managers, on the other hand, can profit from the same new technologies by being able to monitor more information, communicate more readily, and juggle a greater array of duties.

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