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3.3.2 Wage determination

Unit 3.3.2 - Wage determinationThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand wage determination. This includes an understanding of the influences of demand and supply, relative bargaining power, and government policy (including minimum wage).Wages are a method of financial payment used to reward employees based on the time they put into their work. Wage determination refers...

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