In every economic field the market of labour is affected by the demand and supply powers. The supply of labour is considered on the basis of population, different age groups, participation of sex ratio and their education. Supply of labour is related with that quantity and rate at which the labourers are ready to work. According to Rees following are [...]
In this article we will discuss about the supply of labour. Also learn about the determinants of supply of labour. The aggregate supply of labour in an economy per period is not the same thing as the number of people belonging to that community. The term 'supply of labour' is used to measure the number of hours of work which [...]
In this article we will discuss about the supply of labour of an individual worker with overtime payment, explained with the help of suitable diagrams. In modern days, union-management contracts provide for extra pay, generally at a higher (than the prevailing) rate for overtime work. Here by overtime work, we would mean any work in excess of what the worker [...]