Author Topic: Eco essay p4  (Read 1269 times)

Offline pastyear

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Eco essay p4
« on: June 04, 2010, 08:03:26 am »
1)How to explain labour immobility in labour market?
2) What is monopsony? Can someone explain using its diagram or graph?

elemis

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Re: Eco essay p4
« Reply #1 on: June 04, 2010, 08:06:23 am »
1.) Imperfect information, no money to move to get a job, lack of skills and qualifications especially in MEDCs where the tertiary sectors is the largest, lack of trade unions in some jobs may prevent people from applying for a job etc.

Thats all can think of for now.  ;D

Offline pastyear

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Re: Eco essay p4
« Reply #2 on: June 04, 2010, 08:12:49 am »
What is MEDCs ?
How about question 2?

elemis

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Re: Eco essay p4
« Reply #3 on: June 04, 2010, 08:14:43 am »
More Economically Developed Countries

I am doing IGCSE economics so I dont know much about question 2. Sorry  :-\

I answered your other doubt.

Offline pastyear

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Re: Eco essay p4
« Reply #4 on: June 04, 2010, 08:17:13 am »
Thanks David Ben Ami for your help  :) :)

elemis

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Re: Eco essay p4
« Reply #5 on: June 04, 2010, 08:20:03 am »
I updated that other question you had about employment. GO SEE.

no problem !  :D

Offline pastyear

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Re: Eco essay p4
« Reply #6 on: June 05, 2010, 02:19:32 am »
Can anyone answer my questions?