Unit 4 Organisations, Competition and Environment
Issues Relating to Supply
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What affects the ability of organisations to supply a product?
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Determinants of Supply
influences on supply
- weather
- competition
- cost of raw materials
- cost of capital
- cost of labour
shifts to the left & right...
- What causes shifts to the left?
- What causes shifts to the right?
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labour market
- Demand for labour comes from businesses and organisations.
- Supply of Labour are those people who are willing to work.
- Price of Labour is the wage.
influences on labour market
- Skills
- Training
- Education
- Legislation
- EU directives
- Minimum Wage
impact of labour market on supply
- What is the impact of the Labour Market on the supply of goods and services?
