3.5.2 Supply of labour

Question 1

Labour supply

Answer 1

The number of hours that people are willing and able to work at a given wage rate.

Question 2

Factors influencing the supply of labour: Wage rate

Question 3

Factors influencing the supply of labour: Wages on offer in substitute occupations

Question 4

Occupational mobility of labour

Answer 4

The ability of labour to change occupations to available work.

Question 5

Factors causing the occupational immobility of labour

Question 6

Geographical mobility of labour

Answer 6

The ability of labour to move from one area/region to another to take available work.

Question 7

Factors causing geographical immobility of labour

Question 8

Factors influencing the supply of labour: Skills required

Answer 8

The less the skills required, e.g. deliveroo drivers, the higher the supply of labour.

Question 9

Factors influencing the supply of labour: The size of the working population

Answer 9

The lower the size of the working population the less people willing and able to work.

Question 10

Factors influencing the supply of labour: Non-monetary characteristics of the job

Answer 10

The less non-monetary characterstics there are for a specific job, e.g. anti-social working hours, low job security, poor working conditions, low occupational pension scheme etc., the lower the supply of labour.

Question 11

Factors influencing the supply of labour: flexibility