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Workers
Identify the factors that influence a person's choice of job, including both salary and non-salary aspects.
4
Objectives
40
Flashcards
28
Questions
90 min
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CambridgeIGCSEEconomicsSubject content
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Workers outcomes4 objectives
- Identify the factors that influence a person's choice of job, including both salary and non-salary aspects.
- Explain how wages are determined, considering the roles of demand and supply, bargaining power, and government regulations such as minimum wage.
- Discuss the reasons behind variations in earnings, including the impact of demand and supply changes, bargaining power, discrimination, and government policies, while considering different worker categories such as skilled vs unskilled and public vs private sectors. Include the ability to draw and interpret diagrams that show these market changes.
- Evaluate the concept of division of labour and specialisation, outlining the benefits and drawbacks for workers, companies, and the overall economy.
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IdentifyStateExplainDiscussAnalyse
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