AQA•A-Level•Economics
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The Labour Market
Labour demand, supply, wages, and market imperfections
Practice 33 subtopics in The Labour Market. All questions match the AQA A-Level specification.
About The Labour Market
The Labour Market is a key topic in the AQA A-Level Economicsspecification. This topic covers labour demand, supply, wages, and market imperfections.
Master all 33 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (33)
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Derived demandMarginal revenue product (MRP)MRP = MPP × MRMRP curve as demand curveFactors affecting demand for labourIndividual labour supplyBackward bending supply curveIncome and substitution effectsMarket supply of labourFactors affecting supplyNet migrationParticipation ratesEquilibrium wagePerfectly competitive labour marketsWage differentialsCompensating wage differentialsMonopsonySingle employerWage-setting powerMonopsony equilibriumRole of trade unionsCollective bargainingTrade union effects on wagesTrade unions and efficiencyNational Minimum WageNational Living WageEffects of minimum wageEmployment effectsPoverty effectsLabour market discriminationGender pay gapEthnic pay gapEqual pay legislation
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Start with Derived demand