GENERAL KNOWLEDGE

GK

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which factor does not affect the demand for labour?
A
Demand for a product
B
Productivity of labour
C
Migration
D
Availability of substitutes
Explanation: 

Detailed explanation-1: -An Overview of the Factors Affecting the Supply of Labour Working conditions; Human capital, skills, experience and education and training levels; Occupational and geographical mobility of labour; and. The participation rate.

Detailed explanation-2: -Demographic and economic factors Demographic and economic migration is related to labour standards, unemployment and the overall health of a country’s’ economy. Pull factors include higher wages, better employment opportunities, a higher standard of living and educational opportunities.

Detailed explanation-3: -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-4: -Understanding the Labor Market Relevant measures include unemployment, productivity, participation rates, total income, and gross domestic product (GDP).

There is 1 question to complete.