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Ch 03
Economics
Can anyone explain me the bleep image of 9 th point in simple terms pls......
Answers (9)
Jitendra Kumar
Supply of Labour in a particular market is inelastic. It cannot increased instantly to keep up with the demand.
Belk and amal explain me 10 point also pls
Thread Starter
DeepaCan you give any example if possible means
Lets say there are 10 employees in a firm, if they suddenly want they can't have more or less employees within weeks or so. Thus supply of labour is limited in the short period.
Thread Starter
DeepaBelk and amal explain me 10 point also pls
10th point basically says you can either work or take rest at any given point of time and as you earn more and more for hour of work, you will work less hours a day and take more rest. For example: If you earn 200/hour you will work for 8-10 hours daily, but if you earn 2000/hour you will only work for 2-3 hours a day.
Aswin Chandar
10th point basically says you can either work or take rest at any given point of time and as you earn more and more for hour of work, you will work less hours a day and take more rest. For example: If you earn 200/hour you will work for 8-10 hours daily, but if you earn 2000/hour you will only work for 2-3 hours a day.
TQ for the same you have cleared by doubt also...
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