The+Labour+MarketProduction+Costs+and+revenue

 Wages and trade Unions

• describe the differences in earnings between different occupational groups (male/female; skilled/unskilled; private/public; agricultural/manufacturing/services); This basically looks at different people earn different wages. This is due to the Supply and Demand for different types of labour

• describe trade unions and their role in an economy; How would you show the effect of trade unions on a diagram when they impose a minimum wage on a firm/economy?

Would this have to lead to higher unemployment?

Production and Productivty

What is the difference between these two?

How do we increase Labour Productivity?

How do we increase capital Productivity?