QUESTION HELP (1 Viewer)

[frankfurt000]

our teacher gave us a practice question on:

Examine factors that influence the demand and supply of labour

I'm really really bad at economics!! Please provide tips/example on how to approach this question tyyy!!
If yall have done any similar questions and also have resources on this please link/attach them below

thanks!!!

 

[#RoadTo31Atar]

I think you can talk about stuff like:

Economic cycle affecting D for labour

Cash rate affecting D for labour

Changes to min wage affecting prices of labour thus lowering demand and vice versa

Changes to protection leading to structural change changing D for labour