Msizi Msizi
  • 23-04-2016
  • Social Studies
contestada

which market control measures between price floor and ceiling is applicable in labour market

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WorldCitizen WorldCitizen
  • 29-04-2016
In labour market the relevant measure is the prize floor!

Prize floor means that the workers do not need to afraid that their product will be sold for less than they invested in it - it therefore gives the workers a security of return and a security of their livelihood. It can for example be applied to farmers and their products.
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