ECO365 Week 2 Discussion 3

ECO 365 Week 2 DQ 3
In your own opinion, describe why the demand for labor is a derived demand. Also, explain the shape of the supply of labor curve and how it is different from the demand labor curve. Explain the relationship between productivity and the wages earned by an employee. What are some factors or determinants of your income today?

ECO365 Week 2 Discussion 3

In your own opinion, describe why the demand for labor is a derived demand. Also, explain the shape of the supply of labor curve and how it is different from the demand labor curve. Explain the relationship between productivity and the wages earned by an employee. What are some factors or determinants of your income today? In your own opinion, describe why the demand for labor is a derived demand. The demand for labor is a derived demand, in that workers are hired for the contribution they can make toward producing some goods or services for sale. Also, ...