Teaching PowerPoints
3.5.1 Labour Demand (Edexcel A-Level Economics Teaching PowerPoint)
- Level:
- A-Level
- Board:
- Edexcel
Last updated 23 Sept 2023
This teaching powerpoint covers Demand for Labour
Labour demand is a key concept in economics. It refers to the amount of labour that firms are willing to hire at different wage rates. In other words, it's the amount of labour that firms are willing to purchase. Firms will demand more labour when the wage rate is low, and they will demand less labour when the wage rate is high. There are a number of factors that influence labour demand, including the price of labour, the productivity of labour, the cost of capital, and the business cycle. Labour demand also plays an important role in determining the equilibrium wage rate in the labour market.
Download this PowerPoint
You might also like
Automation a factor behind falling real wages for millions
19th October 2014
Minimum Wages - Analysis of Impact (Labour Markets)
Topic Videos
Minimum Wages - Evaluation (Labour Markets)
Topic Videos
Must Watch Revision Videos on Labour Markets
1st June 2018
Singapore's e-sports training academies
20th November 2017
The Economics of Superstars
12th September 2018
Inside the Amazon Warehouse - Monopsony under Scrutiny
11th November 2018
Labour Markets - Where have all the workers gone?
2nd August 2021
Related products
-
Revision FlashcardsTheme 1 Revision Flashcards for Edexcel A-Level Economics
02-4130-30067-03
£9.95 inc VAT -
-
- View full selection ›