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SS1: ECONOMICS - 2ND TERM

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  1. Firms & Industry | Week 1
    4 Topics
  2. Firms & Industry (Business Organisation) | Week 2
    5 Topics
    |
    1 Quiz
  3. Population Theory I | Week 3
    3 Topics
  4. Population Theory II | Week 4
    3 Topics
  5. Population | Week 5
    3 Topics
  6. Population Distribution | Week 6
    4 Topics
  7. Population Census | Week 7
    3 Topics
    |
    1 Quiz
  8. Labour Market | Week 8
    3 Topics
    |
    1 Quiz
  9. The Nature of the Nigerian Economy | Week 9
    4 Topics
    |
    1 Quiz
  10. Agriculture | Week 10
    4 Topics
    |
    1 Quiz



Lesson 8, Topic 1
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Labour Market and Labour Force

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Topic Content:

  • Meaning of Labour Market
  • The Concept of Labour Force
  • Factors Affecting the Size or Supply of Labour Force

Labour Market:

Labour market is an integral part of the factor market where factors of production are bought and sold.

Labour market is defined as a market in which the buyers, sellers, and employers of labour are brought into close contact during which wages and all other conditions of services are determined and agreed upon. 

The Concept of Labour Force:

 

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