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Economics miscellaneous

  1. The supply of labour in the market depends on
    1. the proportion of the population in the labour force
    2. the number of person hours put in by each person
    3. the size of population
    4. All the above
Correct Option: D

Supply of labour in an economy depends upon both economic as well as non-economic factors. It depends upon the size of population, the number of workers available for work out of a given population, the number of hours worked, the intensity of work, the skills of workers, their willingness to work and the mobility of labour.



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