Q. Which factors determine the supply of labor in the market?
Answer: All of the above
Notes: Labor supply is determined by the size of the population, proportion of people in the labor force, and person hours worked. Labor force participation rate measures the ratio of employed or job-seeking people. Population size increases or decreases total workers. Labor input is also calculated by summing hours contributed by all workers. These factors combine to define labor supply in any economy.
Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.
📌 Question Number: 18 in 49. Labour Related Issues and Reforms MCQs for SSC Examination in the above course in App.

This Question is Also Available in:

हिन्दीಕನ್ನಡ