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Cite the forces that influence the supply of labor Solution Forces that influence the supply of labour: 1. Real Wage rate = Nominal Wage / Price level 2. Working conditions 3. Hard working attitude among workers 4. Non monetary benefits like job satisfaction, prospects for promotion 5. Mobility of labour 6. Demographics of the population (Like immigrants, rural workers, etc.).

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Cite the forces that influence the supply of labor Solution Forces that influence the supply of labour: 1. Real Wage rate = Nominal Wage / Price level 2. Working conditions 3. Hard working attitude among workers 4. Non monetary benefits like job satisfaction, prospects for promotion 5. Mobility of labour 6. Demographics of the population (Like immigrants, rural workers, etc.)

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