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LABOUR ECONOMIC My Assignment Services
Introduction to Labour Economics 01 The study of Labour Economics is to deal with the functioning and dynamics of labour in terms of wages 02 • Main objective is to study about how people deal with regular wagesemploymentand income. It implies the in-depth research on theoretical econometric topics in a labour market 03 04 Main objective is to study about how people deal with regular wages, employment and income
Basics of the Labour Market 2 1 4 3 • It also deals with the interaction of buyers and suppliers in an organisation • It refers to the economic • functions with demand and • of labour • The main factor of Labour • Market is to increase the productivity of goods at a • minimum cost • Labour Market is the place where • workers and employees interact • with each other
How to measure labour productivity Insert the title of your subtitle Here • It depends on three main factors: • Saving and Investment in physical capital • New Technology • Human Capital
It helps in calculating the total number of • hours the employee worked • Labour Productivity = Volume measure of output/ Measure of input use • There are both advantages and disadvantages connected with the input given by the • employees
It helps in calculating the total number of hours • the employee worked • It helps in calculating the total number of hours • the employee worked • It works on measuring the employee's efforts • that shows how much value is produced from • their work • It helps in calculating the total number of hours • the employee worked • Labour productivity measures the total GDP • produced in an hour of labour activity
Why Study Labour Economics? • Labour Economics helps in bringing a higher profit along with an increased productivity. • It provides individuals with a vast knowledge of goods and supply chain • Demonstrates how to produce more goods with the same amount of resources • For businesses, this becomes useful in increasing profit margins • For workers, increased productivity translates to higher wages with better working conditions • Also, having a clear vision of the concepts will help in scoring better grades in these • assignments
Why is Labour Economics So Confusing? 1.Labour economics requires students to know about the l abour market in-depth, that's why many get confused while writing the assignments. 2. Students receive assignments on several topics where it becomes a challenge to have an understanding of each of them 3.It is confusing because of the wealthy funds in different departments 4.Often, due to the complex topics, they seek laboureconomics assignment helpfrom online experts 5. There are several topics in the economics subject where studentgetbulk assignments and this is where they can hire economicassignmenthelp experts
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