Economics A-Level

Labour market equilibrium

What Labour market equilibrium means in Economics A-Level, as defined for AQA.

Definition of Labour market equilibrium

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Reference: AQA

The point shown by intersecting labour supply and demand curves, above which a horizontal union wage line is drawn in a perfectly competitive market.

AQA · The Influence of trade unions in determining wages and levels of employment

Topics that use Labour market equilibrium

The Influence of trade unions in determining wages and levels of employment (AQA A-Level)

Related terms

Diagrammatic analysis

Using Labour market equilibrium in the exam

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