Economics B A-Level
Labour markets
What Labour markets means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Labour markets
Check what you remember
Read the wording for your board, then hide it and explain Labour markets in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The structure of the market for labour, whose elasticity of demand and monopsony power determine whether minimum wages cause unemployment.
Topics that use Labour markets
- Reducing poverty (Pearson Edexcel A-Level)
Related terms
- Economic development
- Economic growth
- Government intervention
- Income distribution
- International aid
- Non-governmental organisations
- Welfare improvement
Using Labour markets in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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