Economy, asked by ubaniukomanneoma, 9 months ago

With the aid of a diagram explain the influence of the force of demand and supply in wage determination.

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Answered by nasimaakhtarratua
1

Answer:

The combined effect of the higher demand and lower supply is that wages for skilled workers are often much higher that for unskilled workers. Because of the greater human capital required, skilled workers expect a higher wage to encourage them to supply more labour.

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