Question

Mention two factors that determine the supply of labour.

Answer 1

Factors determine the supply of labour are as follows:
$\left(1\right)$ Population: The larger the population, the larger will be the number of persons who are available for work. Hence, the large will be the supply of labour.
$\left(2\right)$ Wage Rate: The higher is the wage rate the larger becomes the supply of labour. This is because the rise in the wage rate makes work economically more attractive.