Labour Supply Explained | 60 Second Economics for A-Level and IB
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Labour Supply Explained | 60 Second Economics for A-Level and IB
In this 60-second economics explainer, Geoff introduces labour supply - the total number of hours workers are willing and able to offer at different wage rates. Geoff explains why higher wages typically encourage more people into work, and how factors such as migration, skill requirements, and relative pay can shift labour supply in key ...
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