The supply of skilled or unskilled labour depends on the ________ of population.
density
structure
quality
quantity
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The supply of skilled or unskilled labour depends on the quality of population.
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The supply of skilled or unskilled labor depends on the quantity of the population.
- The supply of skilled or unskilled labor will be based on the factors like education, sex ratio, age groups, etc. of the population.
- Hence, the supply of labor will depend on the quantity of the population that is willing to work.
- Along with the quantity of the population, there are many more factors that will affect the labor supply.
- These factors are wages, income effect on the wages, the number of people qualified, benefits provided apart from the wage, cost of education, immigration rates, demographic of the population, etc.
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