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... Economy and discuss the impact of government and non-government institutions on the labour market.
The labour market is a source of income for sellers of labour (i. ... employees) and a cost of production to buyers of labour (i. ... Primarily, labour markets are concerned with the sale of labour. ... (c) government: may intervene in fixing the price of labour rather than allow (a) or (b) to determine the price for 3 objectives- economic, social and political.
To protect sellers of labour, Australia has created a number of trade unions. These unions represent their members and aim to increase market power of suppliers of labour i. ...
To protect buyers of labour there are employer associations where their objectives are to promote the interests of groups of employers, provide some labour market functions e.
Approximate Word count = 658
Approximate Pages = 2.6
(250 words per page double spaced)
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