Wage and non-wage factors.
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The influences of demand and supply, relative bargaining power and government policy, including minimum wage.
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How changes in demand and supply, relative bargaining strengths, discrimination and government policy can all influence differences in earnings between workers whether they are: skilled/unskilled; primary/secondary/tertiary; male/female; private sector/public sector. Definition, drawing and interpretation of diagrams that illustrate the effects of changes in demand and supply in the labour market.
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Advantages and disadvantages for workers, firms and the economy.
Questions with suggested solutions
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