1 What is the price commonly called in the labor market what

1. What is the \"price\" commonly called in the labor market? what is the \"price\" commonly called in the financial capital market?

2. Are households demanders or suppliers in the good market? are firms demanders or suppliers in the goods market? what about the labor market and the fianacial capital market?

3. Name some factors that can cause a shift in the demand curve in labor markets.

4. Name some factors that can cause a shift in the supply curve in labor markets.

5. Name some factors that can cause a shift in the demand curve in financial capital markets.

6. Name some factors that can cause a shift in the supply curve in fincanical capital markets.

Solution

1.Price in labour market is called wages or salary. price in financial capital market is called interest or divident.

2.The householders are demanders of ( goods & Services) and Suppliers of Factors( Land ,Labor,Capita,& Entrepreniurs). The firms are demanders of Factors( Land ,labor,capital & enterpreniurs ) & Suppliers of ( Goods & Servics)

3.Change in the Demand of related products,change in wages rate,change in substitute Factor rate.

4.Change in the size of population, Change in the wages rate,Change in government policy etc.

5.Change in interest rate and marginal revenue rate, Change in infrastructure,change in education level etc.

6.Change in interest or divident rate,security in the market,knowledge of the capital market etc.