Why Study Labour Economics?
1. Labour Economics helps in bringing a higher profit along with an increased productivity.
2. It provides individuals with a vast knowledge of goods and supply chain
3. Demonstrates how to produce more goods with the same amount of resources
4. For businesses, this becomes useful in increasing profit margins
5. For workers, increased productivity translates to higher wages with better working conditions
6. Also, having a clear vision of the concepts will help in scoring better grades in these
assignments