In this section we focus on some aspects of the factor market for labour resources. It is a good chance to revisit the conditions of supply and demand by looking at labour supply and demand factors in different industries and occupations. A common error among students is to discuss “the demand for labour” as coming from individuals looking for work! In fact, labour demand focuses on how many people an employer is willing and able to take on at a given wage rate. Ensure you understand that factors influencing the supply of labour including population migration, income tax and benefits, the national minimum wage) and also the roles played by trade unions.