Hi, i'm trouble digesting this long question that my teacher has set out for me to do as an assignment in the holidays, could you guys give any help? The first bit is pretty straight forward, but the last bits i'm having trouble dealing with. Thanks in advance ^^
Outline the main factors which influence the demand and supply of labour for a firm. Explain how the interaction of the demand and supply of labour determines labour market outcomes. Distinguish between wage and non-wage outcomes and discuss the trends in labour market outcomes that have occured in Australia over recent times. Examine the role of labour market institutions in affecting these outcomes.
Outline the main factors which influence the demand and supply of labour for a firm. Explain how the interaction of the demand and supply of labour determines labour market outcomes. Distinguish between wage and non-wage outcomes and discuss the trends in labour market outcomes that have occured in Australia over recent times. Examine the role of labour market institutions in affecting these outcomes.