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Question
The supply of labour in the economy depends on which of the following?
The supply of labour in the economy depends on which of the following?
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Solution
The correct option is A Population
The supply of labour also depends on the
proportion of working population in the total labour force. This
partly depends on the minimum age at which a person can join the labour force and
engage in full time employment. In some countries this factor is legally
controlled. In simple words we can say that supply of labor force depend
upon population.
The supply of labour also depends on the proportion of working population in the total labour force. This partly depends on the minimum age at which a person can join the labour force and engage in full time employment. In some countries this factor is legally controlled. In simple words we can say that supply of labor force depend upon population.
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