The Demand For Labor
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"The demand for labor and other productive inputs is different from the demand for consumer products such as iPods, books, haircuts, and pizza. Firms use workers to produce the products demanded by consumers, and so economists say that labor demand is a derived demand. That is, it is determined by, or derived from, the demand for the products that workers produce.
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Details
- Publication Date
- Apr 30, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
Specifications
- Format