IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: pastyear on June 04, 2010, 08:03:26 am

Title: Eco essay p4
Post by: pastyear 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?

Title: Re: Eco essay p4
Post by: elemis 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

Title: Re: Eco essay p4
Post by: pastyear on June 04, 2010, 08:12:49 am

What is MEDCs ?
How about question 2?

Title: Re: Eco essay p4
Post by: elemis 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.

Title: Re: Eco essay p4
Post by: pastyear on June 04, 2010, 08:17:13 am

Thanks David Ben Ami for your help  :) :)

Title: Re: Eco essay p4
Post by: elemis on June 04, 2010, 08:20:03 am

I updated that other question you had about employment. GO SEE.

no problem !  :D

Title: Re: Eco essay p4
Post by: pastyear on June 05, 2010, 02:19:32 am

Can anyone answer my questions?