Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
services
B
capital
C
products
D
technology
Understanding the Answer
Let's break down why this is correct
Answer
The demand for labor is mainly influenced by the demand for the goods and services that workers help to create. This idea is known as derived demand, meaning that the need for workers comes from the need for what they produce. For example, if more people want to buy cars, car manufacturers will need to hire more workers to build those cars. If the demand for cars decreases, the company may not need as many workers, leading to fewer job opportunities. Therefore, the overall demand for labor depends heavily on how much people want to purchase the products or services that labor helps to provide.
Detailed Explanation
When people want more products, companies need more workers to make them. Other options are incorrect because Some might think services are the main focus; Capital means tools or machines, not what people buy.
Key Concepts
Derived Demand for Labor
Market Dynamics
Employment Trends
Topic
Derived Demand for Labor
Difficulty
medium level question
Cognitive Level
understand
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