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1. LABOUR
ECONOMIC
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2. Introduction to Labour Economics
01
02
03
The study of Labour Economics is to deal with the functioning and
dynamics of labour in terms of wages
Main objective is to study about how people deal with regular wagesemploym
ent and income.
It implies the in-depth research on theoretical econometric topics in a lab
our market
Main objective is to study about how people deal with regular
wages, employment and income04

3. Basics of the Labour Market
1
Labour Market is the place where
workers and employees interact
with each other
2
It refers to the economic
functions with demand and
of labour
3It also deals with the interaction
of buyers and suppliers in an or
ganisation 4
The main factor of Labour
Market is to increase the produc
tivity of goods at a
minimum cost

4. How to measure labour productivity
Insert the title of your subtitle Here
It depends on three main factors:
•Saving and Investment in physical capital
•New Technology
•Human Capital

5. Labour Productivity = Volume measure of outp
ut/ Measure of input use
There are both advantages and disadvantages conn
ected with the input given by the
employees
It helps in calculating the total number of
hours the employee worked

6. It helps in calculating the total number of hours
the employee worked
It helps in calculating the total number of hours
the employee worked
It works on measuring the employee's efforts
that shows how much value is produced from
their work
It helps in calculating the total number of hours
the employee worked
Labour productivity measures the total GDP
produced in an hour of labour activity

7. Why Study Labour Economics?
1. Labour Economics helps in bringing a higher profit along with an increased productivity.
2. It provides individuals with a vast knowledge of goods and supply chain
3. Demonstrates how to produce more goods with the same amount of resources
4. For businesses, this becomes useful in increasing profit margins
5. For workers, increased productivity translates to higher wages with better working conditions
6. Also, having a clear vision of the concepts will help in scoring better grades in these
assignments

8. Why is Labour Economics So Confusing?
1.Labour economics requires students to know about the l abour
market in-depth, that's why many get confused while writing the
assignments.
2. Students receive assignments on several topics where it
becomes a challenge to have an understanding of each of them
3.It is confusing because of the wealthy funds in different
departments
4.Often, due to the complex topics, they seek labour economics
assignment help from online experts
5. There are several topics in the economics subject where
studentget bulk assignments and this is where they can hire
economicassignment help experts

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