Ask Question
20 May, 01:34

Explain which one of the above market control measures is applicable in the Labour market and justify why it is important to consider the effects of such action

+2
Answers (1)
  1. 20 May, 02:22
    0
    I understand here the "above market control measures" to be prize floor and price ceiling.

    In a Labor market, the prize floor is the relevant one: it makes sure that the products produced by the workers and their companies will not go below certain prize, which means that it provides a security of livelihood for the workers. However, it might scare people off from buying the product - and this is what is important to consider - it might be risky and result in not selling the product
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Explain which one of the above market control measures is applicable in the Labour market and justify why it is important to consider the ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers