Economy, asked by SanyaGirdhar1503, 1 year ago

What factors determine the earning of an individual in the market?

Answers

Answered by A2Z123456
2

Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. When workers sell their labor, the price they can charge is influenced by several factors on the supply side and several factors on the demand side.

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