What do you think are the key challenges associated with work in the new economy ?

Q: How are migration and urbanization related

A: Migration and urbanization, particularly in the current phase of globalization, are direct…

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: What is the impact on the labour market due to an increase in the productivity of workers?

A: In the labor market, firms make demand for workers or labor and households supply labor to firms.

Q: Difference between labour market and goods market

A: Labor is a factor of production used to produce the goods and services in the production process.…

Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…

A: Economics as a subject deals with the allocation, production and optimization of scarce resources…

Q: how does each of these affect wages? Productivity -   Law of Supply and Demand -   International…

A: Change in wages is dependent on number of factors and these wages are highly flexible according to…

Q: technological advancement create unemployment

A: Technological advancement refers to the changes that have been brought in the process of production.

Q: What is the impact on the labour market due to reduction in productivity of workers?

A: Productivity changes cause major changes in labor market.

Q: Who is in the labor force?

A: Labor force concept The workforce, also referred to as the labour force, is the group of employed…

Q: supply and demand analysis in the labour market  graph the following and explain your graph: an…

A: The demand curve for labor, under the ceteris paribus assumption, shows the amount of labor…

Q: Suppose you have a job and earn a salary. What is the opportunity cost today of saving some of your…

A: Opportunity cost shows the forgone value of other thing that can be done instead of choosing to do…

Q: Which one is considered a discouraged worker?       A person stopped looking for a job but would…

A: A person is said to be unemployed when he lies under the working-age population and wants to earn…

Q: How does migration affect the economy?

A: Migration means when someone is moving from its home country to another country for the job.…

Q: What challenges are faced by the Labour movement in 2020?

A: The labor is the factor which combines the raw materials in order to create the final goods and…

Q: “In 2030, every organization will be a technology organization and as such businesses need to start…

A: In 2030, every organization will be a technology organization and as such businesses need to start…

Q: Explain using an example of your choice how technological innovations have the potential to change…

A: Technological innovations have the potential to significantly impact the structure of demand in the…

Q: Suppose that a person's life is divided into two periods. A period of poor economic times, when this…

A: Wage in good economic times = 39 Wage in bad economic times = 27  Maximum number of hours that can…

Q: Which is not a factor of production?  Money Land Labor Capital

A: The factors of production are factors inputs and resources that are used to create the final…

Q: What are the two main factors that affect labor productivity?

A: The major two factors which are to be understood which affect the labor productivity are: Technical…

Q: how many workers are not in the labor force

A: Labor force refers to the group of employed as well as unemployed people. It includes all those…

Q: Propose how you think unemployment can be reduced in South Africa?

A: Unemployment is the term used to define the scenario, where a person activity looking for job is not…

Q: Identify a job you once held (or currently hold) andmake a list of all the ways that workers in this…

A: Labor market: It refers to the market under which the economy will able to find the demand and…

Q: ow do you think an investment in human capital will impact you and the effect it has on wages and…

A: Human capital is a method of depicting the estimation of our abilities, ability, and labor to the…

Q: Use what you know about economic base concepts to associate labor sectors with urban economies. Pre…

A: economic base theory The economic base hypothesis is a hypothesis that categorizes economic…

Q: How does the labor market and workforce dynamics, including skills shortages, talent mobility, and…

A: The labor market refers to the interaction between employers and workers in the process of buying…

Q: What is the “achievement gap”?

A: The achievement gap is the difference between academic performance of students.

Q: What is the difference between the rental price and the purchase price of capital?

A: In economics, the rental price (rk) of capital refers to the opportunity cost of hiring capital.…

Q: Define the term labor productivity?

A: Labour productivity  is the amount  of output traditional labour  turns out in an hour of work, in a…

Q: Which event helped to bring a large influx of American women into the workforce for the first time?…

A: The industrial revolution refers to the shift of the economy from production based on labor to…

Q: why impact Labour force to Secondary education in a country

A: Training and Education lead to an increase in productivity of a country and also improves the…

Q: Use the picture to answer the question. WORK-is-WHAT-I WANT AND NOT-CHARIT WHO-WILL-HELP-ME-…

A: The image shows the man holding a placard as a peaceful protest or want his plea to be heard. The…

Q: Are technology advancements and labour unions compatible

A: Introduction, In order to protect workers' rights and stop employers from abusing them, labor unions…