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derived demand schedule for labor [1 record]

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Alphabetical list of terms

Record 1 2014-11-25

English

Subject field(s)
  • Laws of the Market (Economy)
  • Labour and Employment
OBS

Unions affect wages by (a) restricting labor supply, (b) bargaining for standard rates, (c) following policies designed to shift upward the derived demand schedule for labor and (d) countering exploitation of labor by employers with monopoly bargaining power (i.e., by so-called "monopsonits").

Key term(s)
  • derived demand schedule for labour

French

Domaine(s)
  • Lois du marché (Économie)
  • Travail et emploi

Spanish

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