The labour market 0.0 / 5 ? EconomicsThe labour marketA2/A-levelAQA Created by: pepper720Created on: 14-05-22 18:29 Sole buyer of labour Monopsony 1 of 10 Is a flow of factor incomes such as wages, rent and interest Income 2 of 10 Is a stock of financial and real assets such as property, savings and land Wealth 3 of 10 When workers get paid different amounts for doing the same job Wage discrimination 4 of 10 Is an organisation of workers whos aim is to improve the pay and other conditions of work of its members Trade union 5 of 10 Those who are economically active Labour supply 6 of 10 The monetary value of the physical addition to a firms total output from employing one extra worker MRP 7 of 10 Where firms demand labour MRP MC 8 of 10 Discounts, ease of job, passion, holiday, ability Non-monetary 9 of 10 Wages, bonuses Monetary 10 of 10
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