Economics U2 AOS 2 More Notes

By Huda · From Sirius College (Broadmeadows) · In 2025
Not yet rated
6 views
0 downloads
14 pages
New

is a system where households supply labour and businesses demand labour to determine wages and employment levels. )Unemployment: Being without work but actively looking for a jobLiving Standards: Strong labour markets boost material living standards through higher incomes, while weak markets reduce disposable income and slow down economic growth.

Added September 2026