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3.3.2 Wage determination

Topic 3.3.2 - Wage determination This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand wage determination. This includes an understanding of: Wage determination - Influences of the demand for labour and the supply of labour Wage determination refers to the mechanism by which wage rates are set, either by the market forces of demand and supply or due to government intervention...

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