Answer:
The following factors can increase the demand for labor:
Decrease in price of labor (or wage rate);Increased Profitability of FirmsIncrease in the number of buyers of LaborIncrease in the number of buyers of a productAvailability of substitutesShortage in the supply or availability of laborIncreased productivity of laborExplanation:
1. Decrease in price of labor (or wage rate): The price of labor is inversely related to the quantity of labor that is demanded at any time T (all other factors remaining constant). When the price of labor increases, just as with most commodities, (all other factors remaining constant, the quantity of labor demanded will fall). If however, the prices decreases, there is rea for the demand for labor to increase as owners of the factors of production will want to take advantage of cheap labor.
2. Increased Profitability of the Business
The demand for labor is by its nature a derived one. Businesses hire labor because there is work/business to be done. Business or work is related to the profitability of the same. If a business owner finds that their business is profitable and the demand for their products/services is increasing, they will invariably hire more workers. The obverse is also true. A non-performing business, financially speaking, will most likely shed its workforce thus decreasing its demand for labor in order to stay above the red line.
3. Increase in the number of buyers of a labor
As the market expands, and more players enter into a market, it is possible (all other factors remaining constant) for the increase in the demand for labor to increase.
If however, the players (that is employers in a particular market) are fewer in number then the demand for labor will be restricted.
4. Increase in the number of "buyers" of a product
A market can be said to be expanding if the number of buyers for the products in that market is increasing.
There are some markets where there are very few buyers. Two of such markets are:
A) Oligopsony: A market where the buyers are few. A real-world example is the fast-food companies. In the United States, for example, Burger King, McDonalds, Wendys, etc are the major players who purchase huge amounts of beef from cattle ranchers. They are very few in number.
B) Monopsony: In this case, the market consists of only ONE buyer.
In the above-described markets, there can only a limited amount of demand for labor.
5. Availability of Substitutes
As technology begins to advance even far beyond the anticipation of humans everywhere in the world, the threat to the demand for labor seems imminent. Factors are begining to cut costs in the long run by replacing physical labor robots that are powered by Artificial Intelligence. This means they are able to get more work done with minimal downtime, minimal supervision, and minimal loss of productivity hours which normally arises with human labor.
6. Shortage of supply of labor
Whenever there is a shortage in the amount of labor that can be hired, the prices take on an upward spiral.
7. Increased productivity of labor
Productivity of labor refers to the output per unit of labor.
If the productivity of labor increases, employers will place a higher demand on it.
The productivity of labor can be enhanced by the following:
Level of education and trainingAbility to use technologyPLEASE ANSWER DUE TODAY!!!!!
6.B:Compare processes by which state power shifted in various parts of the world from 1750 to 1900.
Answer:
Hope this helps
Explanation:
The United States gained both political and economic power in the global stage between 1750 to 1900, as many European nations gain new territories to add to their empire. Many nations that Europeans colonized became weakened and poor during this time period.
Imperialism is the process by which one country extends its power and influence over another country, mainly through colonization and military conquests.
The periods between 1750 and 190 was the period which was known as the Age of Imperialism where European superpowers claimed lands belonging to weaker nations and colonising them.
During this period, we can see that there wa the Scramble for Africa after the Berlin conference with Otto Von Bismarck and other Europeans as they came to Africa to colonise and it did not stop there, as they also went to Asia.
Read more about Imperialism here:
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2 The interlocking crystals of an igneous rock help to classify it since
these crystals are evidence of how the rock formed. The crystals
are a result of -
A
quartz coming out of solution.
B
particles forming layers.
С
chemical reactions of minerals.
D
melted rock that cooled.
Answer:
The answer is D, melted rock that cooled.
Explanation:
I really don't have an explanation for this because I had a test on this 2 days ago and my teacher gave us the answer and I got it right. Also, I'm in 6th and it seems that your in high... so it could be a different answer cause we're most likely learning different concepts. So uh I hoped this helped lol :)
The Deference between Equality and Equity, full paragraph
Answer:
Equality is typically defined as treating everyone the same and giving everyone access to the same opportunities. Meanwhile, equity refers to proportional representation (by race, class, gender, etc.) in those same
Which of the following will result in an increase in productivity?
A:gaining access to more inputs
B:working more hours to produce more
C:producing more using fewer inputs
D:producing less using the same amount of inputs
Explanation:
c:producing more using fewer inputs
Scientists classify organisms into groups based on their
Answer:
molecular similarities
Explanation:
Scientists group together organisms that have similar proteins and DNA.
Give an overview of the stages of psychosexual development according to Freud. In addition, explain what the Oedipus complex is and how identification reduces that issue.
Please answer all parts
Answer:
The first stage, the oral stage, occurs from birth to a year old, and children experience pleasure from putting objects in their mouth or sucking them. The next stage is the annal stage, which occurs around 2-3 years of age. During this stage children will be potty trained. During the 3-6 age period, children experience the phallic stage, where the boys are more attached to their mother and the girls are more attached to their father. In the latency stage, which occurs ages 6- puberty, children spend more time with their friends. Lastly, the genital stage ranges from beyond puberty and individuals are attracted to opposite sex peers.
The Oedipus complex is used to describe a child's feelings of desire for his or her opposite-sex parent and jealousy and anger toward his or her same-sex parent. This is present in the phallic stage, and according to Freud, the way to overcome this complex is when the child identifies with her mother or his father. This occurs upon realization of the same sex characteristics that the parent possesses.
Explanation:
I just did this for plato. Please don't copy word for word .
The psychological theory is one of the theories of development that was postulated by Sigmund Freud about the human development.
The stages of psychological theoryThe stages of psychological theory include the following:
Phallic stage: The pleasure shifts from the anus to the genital organ. There are alot if complexes that was identified by Freud at this stage. The Oedipus complex is felt by the boys due to the deprivation of the female organs.Latency stage: the pleasure remains inactive.Genital stage: The pleasure is awoken.Learn more about theory of development here:
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How can you protect the identities of the children you observe? List at least 2 ways.
