4.4 The Labour Market

In this section

• 4.4.1 Labour Market Dynamics
  An in-depth exploration of the labour market's supply and demand forces, participation rates, and their significance in influencing economic health.
• 4.4.2 Unemployment
  This section delves into the complexities of unemployment within the labour market, exploring different types of unemployment and the concept of the natural rate of unemployment.
• 4.4.3 Wage Determination
  Explore the multifaceted aspects of wage determination, focusing on the influencing factors and the impact of minimum wage policies.