What is the econmic impact of cheap supply labour
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they does not get proper vages so they do nkt grow easily
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A look at factors that determine an individuals supply of labour and the market supply of labour.
Higher wages usually will encourage a worker to supply more labour because work is more attractive compared to leisure.
Therefore the supply curve for labour tends to be upwardly sloping.
However, a worker isn’t just interested in earning money; they are also interested in leisure. Therefore, there is a choice between working more (higher wage) and working less (more leisure)
Higher wages usually will encourage a worker to supply more labour because work is more attractive compared to leisure.
Therefore the supply curve for labour tends to be upwardly sloping.
However, a worker isn’t just interested in earning money; they are also interested in leisure. Therefore, there is a choice between working more (higher wage) and working less (more leisure)
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