ECN 004(Online Discussion/Quiz 2—-Demand and Supply of Labour)—31-5-2022
Questions for discussion
- What do you understand by Supply and Demand for Labour?
- Why is the labour supply curve backward bending?
- Clearly explain the meaning of Labor Productivity and its importance
- What do understand by the concept of unemployment?
- Discuss the differences between Underemployment and Underemployment
- Clearly explain the various types, causes and consequences of unemployment
- The Phillips’ curve means different things to different scholars and economies. Discuss.
