Labor demand
id:
labor-demand-271-5029689
title:
Labor demand
text:
In economics, the labor demand of an employer is the number of labor-hours that the employer is willing to hire based on the various exogenous variables it is faced with, such as the wage rate, the unit cost of capital, the market-determined selling price of its output, etc. The function specifying the quantity of labor that would be demanded at any of various possible values of these exogenous variables is called the labor demand function. The sum of the labor-hours demanded by all employers in
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Labor_demand
date created:
date modified:
2021-03-03T14:23:49Z
main entity:
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image:
fields total:
13
integrity:
13