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Labour Market Key Terms: Fill-in-the-Gaps Activity

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Labour Market Key Terms: Fill-in-the-Gaps Activity

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Complete the sentences below using the words provided in the word bank. Each term is used only once. Word Bank:
Derived demand | Wage rate | Labour mobility | Value-added | Dependency ratio Recruit | Productivity | Retirement age | Boom | School leaving age

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Masooma
Masooma
United Arab Emirates

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Labour Market Key Terms: Fill-in-the-Gaps Activity
 

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Labour Market Key Terms: Fill-in-the-Gaps ActivityOnline version

Complete the sentences below using the words provided in the word bank. Each term is used only once. Word Bank: Derived demand | Wage rate | Labour mobility | Value-added | Dependency ratio Recruit | Productivity | Retirement age | Boom | School leaving age

by Masooma
1

The demand for labour is described as a because it arises only because there is a demand for the goods and services the workers produce
.
The price of labour is known as the , which represents the money paid to workers for their services over a set period
.
refers to the ease with which workers can move geographically between regions or occupationally between different types of jobs
.
When work is performed on products to increase their worth , the resulting products or services are said to have -
.
In countries with an aging population , the often rises , meaning there is a higher proportion of non - workers compared to those in the workforce
.
When a business needs to find and hire new people to join their organisation or perform a specific job , they must
.
If the of labour increases , meaning every worker produces more output , demand for workers typically rises because production becomes more profitable
.
If a government decides to raise the , people are required to work for more years before they are entitled to receive a state pension
.
A is a period of time when business activity increases rapidly , often leading to higher demand for goods , rising prices , and higher wages
.
The is the age until which children must attend school ; changing this age directly impacts the number of people available to enter the labour market
.

 
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