Nobody downloaded yet

An issue considered in the presentations or books - Essay Example

Comments (0) Cite this document
Summary
It is so because the rewards of labor come in the form of salary and wages. In this regard, the demand and supply of labor fluctuates according to labor determinants. By definition, supply…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
An issue considered in the presentations or books
Read TextPreview

Extract of sample "An issue considered in the presentations or books"

Download file to see previous pages This paper explores the concept of supply of labor, its dynamics, and key factors.
Many economic theories describe supply of labor in unique ways owing to the dynamic nature of the concept. Perhaps it is imperative to note from the onset that the total hours and real salary rate are the fundamental components of supply of labor in any given economic system. The supply of labor curve, which is the graphical representation of supply of labor, depicts the theoretical wage rates versus labor. The vertical axis of the supply of labor curve represents the theoretical wage rate while the horizontal axis represents the amount of labor that workers are willing to toil for at any given wage rate (Chagny, Döpke, Plane, and Schmidt 61).
The dynamics of the supply of labor depend on the compromise between leisure and labor. This tradeoff implies that workers earn more incomes by working for more hours and vice versa. However, such workers must cut down on the number of hours they spend on leisure in order for them to earn hire by dedicating more time for labor. Although this notion necessitates a delicate balance, it confirms the fundamental trade-off between labor and leisure. It means that a rise in the rate of real wage increases the opportunity cost for leisure. This trend leads to the substitution effect in the sense that the workers will develop a tendency to supply more labor (Soest, Das, and Gong 15).
As workers dedicate more hours for labor, their earnings as well as their real wage rate goes up. Subsequently, the demand for ‘normal good’ leisure increases as the workers incomes rises. It means that workers will supply less labor in order to spend more hours on their ‘normal good’ leisure activities. They will develop the tendency of spending because of their higher income and they will dedicate more time (hours) on leisure activities. This tendency is called ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“An issue considered in the presentations or books Essay”, n.d.)
An issue considered in the presentations or books Essay. Retrieved from https://studentshare.org/macro-microeconomics/1683938-an-issue-considered-in-the-presentations-or-books
(An Issue Considered in the Presentations or Books Essay)
An Issue Considered in the Presentations or Books Essay. https://studentshare.org/macro-microeconomics/1683938-an-issue-considered-in-the-presentations-or-books.
“An Issue Considered in the Presentations or Books Essay”, n.d. https://studentshare.org/macro-microeconomics/1683938-an-issue-considered-in-the-presentations-or-books.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF An issue considered in the presentations or books

Persuasive Presentations

...of ROI or value become very difficult. All the same, you may still have an opportunity to use the principles we discuss in this book. For example, if you're allowed to submit a cover letter with your form, turn it into an executive summary. If you're allowed to provide a substantive answer, use the persuasive structural pattern for RFP responses. It's not an ideal situation, but if you're forced to respond in a spreadsheet, don't abandon your commitment to communicating persuasively. Findings and Recommendations Many people consider persuasive presentations to a client or boss the most difficult of all because there is so much at stake in the audience's action or inaction-a commission...
15 Pages(3750 words)Essay

Understanding presentations

... and ensure that there is uniformity and consistency in applying animations and other effects. Apart from this, in preparing presentations the limitations of visual aids to be used should also be considered. For example, flip charts and videos are ideal only for small groups ("National Seminars Group", n.d.). However, they may not be effective for much bigger groups. If they would be utilized for big groups, speakers must ensure that these visual aids are visible to everyone by testing if they could still be seen by the audience at the farthest end of the room to be used. This would help sustain the attention of the audience. To summarize, technology and visual aids are generally significant components in making effective... ...
2 Pages(500 words)Essay

Presentations

.... V. Conclusion a. The growth of the internet and computer use among the average citizen has fostered a growth in the availability of online courses and ability of students to access these courses b. Students can gain several personal, direct advantages by participating in online courses c. There are also several indirect advantages offered to the student through participation in online courses. Students who are nervous about taking online classes are typically nervous about it because they can’t envision the advantages they will receive or because they are concerned about the quality of the education they will get. For this reason, I structured my presentation to address these two major issues in a way...
2 Pages(500 words)Essay

Books

... “Learning to read is learning to see”. This phrase explains how important it is for a guardian to introduce books to the child at an early age. Different books have different lessons. As a result, when the child reads a book he/she is able to understand different topics and areas of great interest to his/her life (Morrow et al, 17). Many children books put emphasis on being good mannered and warn the child on vioating any rules that are set by the parents. As a result, the book plays a great role in creating good morals on the children. This reduces the tasks by their parents as they already know what is expected of them by both their parents and the society at large. Books define the character of the child. Research indicates... that...
1 Pages(250 words)Essay

Presentations

...Today, the topic of my speech is “Exercise is necessary for healthy life even for elderly people”. There is need of exercise at all stages of the life. However, the exercise is must for elder people. As you have grown old and retired from a job, your workload reduced and as the result body’s metabolism also reduces. Therefore, there is need of exercise to maintain your body and keep you healthy. As you have grown old your bones become week and chance of bone fracture gets double. Therefore, if an older person falls, the bone will break within no time, but exercise can prevent you from such an easy fracture. Exercises induce flexibility in the body that can prevent from bone fracture. Bones become strong... the topic of my...
2 Pages(500 words)Essay

Forecast Presentations

...Presentational Dilemma Business speakers don’t always have the luxury of complete confidence in the material they have to present. For instance, sales forecasts for new products are notoriously difficult to make because they depend on so many factors in the marketplace. If you were presenting a forecast that was the best available answer but not one that you had much confidence in, should you still follow the guidelines presented in your readings for appearing confident in front of your audience? Explain your answer. There is no second opinion in standing confident in front of the audience. There is more damage in standing hesitant or unsure than giving no...
1 Pages(250 words)Coursework

Enhancing Presentations

...Enhancing Presentations Enhancing Presentations with Visuals In the checklist for the guidelines for giving and enhancing presentations, it appears to me that there are some stages that are just easy to adhere to while others are also very hard to adhere to. For instance, it is easy to adhere to all the instructions under group C (complete slides and support materials). this is because, in this category, it seems like everything has been sorted, the only thing left is to review the slides, making sure the slides are operational, having a backup plan in case the electronics fail to work and preparing handout to backup the presentations. These become easy given the fact...
1 Pages(250 words)Coursework

Individual Presentations

... Textual Analysis Sigmund Freud, Julia Kristeva, and Dorothea Lasky have written three different articles that provide an analysis of melancholia from almost similar perspectives. However, the works of Julia Kristeva and Dorothea Lasky borrow heavily from Sigmund Freud’s work in their effort to explain the concept of melancholia and other related concepts. Although the perspectives taken by these writers are different, they come up with a conclusion of what melancholia is in a scholarly way. Freud’s approach in understanding melancholia is from a comparative perspective. Freud makes a comparison between melancholia and mourning to make it easy to understand this concept (Freud, 245). According to Freud, Melancholia is a condition...
1 Pages(250 words)Essay

Data Presentations

...Managerial Report This report aims at evaluating the parameters describing 100 counties. Four parameters are analyzed in the report: median household income, average years of schooling, average lifespan and average number of people per household. The report will estimate the descriptive statistics related to each parameter. The report will further find the outliers for each variable. The paper will then estimate the relationship between the median household income and three remaining variables. The conclusion about the parameters’ descriptive statistics and the relation between the parameters will be made. Managerial Report Introduction The economy, the social life and the satisfaction with life can be estimated using... Report This report...
6 Pages(1500 words)Essay

Leadership Presentations

... led to a dull presentation with poor audience engagement. In order to develop a fruitful and entertaining presentation, I would embrace elements of proper communication skills as well as presentation considerations as discussed below. Conducting proper research for getting better understanding of my subject matter is a primary consideration. This factor involves carrying out research on the issue at hand to get familiar with facts, as well as limitations. The study builds on confidence and is important in designing presentations (Eggleston, 2015). Drawing knowledge of my audience so as to know how to tailor my presentation and make adjustments where necessary to yield maximum engagement of my audience. This knowledge will help me... in...
1 Pages(250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic An issue considered in the presentations or books for FREE!

Contact Us