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    etrinidad's Avatar
    etrinidad Posts: 1, Reputation: 1
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    #1

    Sep 4, 2008, 06:05 PM
    Economic principles
    Describe two factors that affect labor supply and demand
    Credendovidis's Avatar
    Credendovidis Posts: 1,593, Reputation: 66
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    #2

    Sep 4, 2008, 06:26 PM
    Labor supply factors : from high credit card accounts to the need for a roof above your head to stay dry, a bed to sleep in, and some food to eat to stay alive.

    Labor demand factors : high sales demand increased production which demand more labor. Don't forget factors like qualifications (education)

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