what are the factors that determine wages?
536792
['Ability to Pay:', 'Demand and Supply:', 'Prevailing Market Rates:', 'Cost of Living:', 'Bargaining of Trade Unions:', 'Productivity:', 'Government Regulations:', 'Cost of Training:']
876613
It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation. There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities.
477865
['Gross Income = Basic salary + allowances + commissions.', 'Taxable Income = Gross Income - all deductions/exemptions allowed by law e.g. NSSF, private pension.']
146977
['Individual factors, such as knowledge, values, personal goals, morals and personality.', 'Social factors, such as cultural norms, the Internet and friends and family.']
1413320
['Price. Usually viewed as the most important factor that affects demand. ... ', 'Income levels. ... ', 'Consumer tastes and preferences. ... ', 'Competition. ... ', 'Fashions.']
1283450
['Skill Variety.', 'Task Identity.', 'Task Significance.', 'Autonomy.', 'Feedback from job.']
1063391
How are wages for a particular job determined? By the equilibrium between the supply and demand for workers for that job. ... Your wages would probably be higher because demand for baggers would be higher.
693096
The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors of production are land, labor, capital, and entrepreneurship.
856378
['Availability of job information. ... ', 'The level of benefits. ... ', 'Skills and education. ... ', 'The degree of labour mobility. ... ', 'Flexibility of the labour market E.g. powerful trades unions may be able to restrict the supply of labour to certain labour markets.', 'Hysteresis.']
295113
['Technical factors,', 'Production factors,', 'Organizational factor,', 'Personnel factors,', 'Finance factors,', 'Management factors,', 'Government factors, and.', 'Location factors.']
1127722
['Labor market. The labor market is basically the supply and demand of available workers in line with work that is available. ... ', 'Labor policies. ... ', 'Technological advancement. ... ', 'Organizational changes.']
1453479
In economics, there are several factors or determinants which affect the demand. Five of the most common determinants of demand are the price of the goods or service, the income of the buyers, the price of related goods, the preference of the buyer and the population of the buyers.
695572
health. These factors are known as the determinants of health. The social and economic factors that have been shown in a variety of settings to have. the greatest influence on health are income and poverty, employment and occupation, education, housing, and culture and ethnicity.
1327785
If you earn a fixed salary, this is easy to figure out. Just divide the annual amount by the number of periods each year. If you are paid hourly, multiply that rate by 40 hours to determine your weekly pay. Your number of personal exemptions.
454105
higher wages. ... the wage rate. In a perfectly competitive situation, the firm will hire workers until. marginal revenue product equals the wage rate.
855466
['Employment/unemployment.', 'Income.', 'Inflation.', 'Interest rates.', 'Tax rates.', 'Currency exchange rate.', 'Saving rates.', 'Consumer confidence levels.']
124072
Supply will be determined by factors such as price, the number of suppliers, the state of technology, government subsidies, weather conditions and the availability of workers to produce the good.