BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which factor does not affect the demand for labour?
|
|
Demand for a product
|
|
|
Productivity of labour
|
|
|
Migration
|
|
|
Availability of substitutes
|
Explanation:
Detailed explanation-1: -Uneven development is the main reason of migration along with factors like poverty, landholding system, fragmentations of land, lack of employment opportunities, large family-size and natural calamities.
Detailed explanation-2: -Factors that can shift the demand curve for labor include: a change in the quantity demanded of the product that the labor produces; a change in the production process that uses more or less labor; and a change in government policy that affects the quantity of labor that firms wish to hire at a given wage.
Detailed explanation-3: -The reasons people migrate are usually economic, political, cultural, or environmental.
There is 1 question to complete.