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Wage theories
Meaning and Definition ,[object Object],[object Object]
Economic Theories about Wages ,[object Object]
Modern wage theory of wage ,[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Shift in demand for labour ,[object Object],[object Object]
Shift in demand for labour D1 D2 MRP1 MRP2 MRP D Increase Decrease demand Demand for labour unit Productivity Y X O
Wage determination under competitive condition DL D SL S W AW=MW W O Y X X Y O (Labour supply curve ) (Wage line) AC=MC of labour N E Units Of Labour Units Of Labour Wage Rate Industry Market Firm
Relation between Wage and Managerial Productivity X Y Y X 0 0
X Y 0
Y Y X X 0 0
[object Object]

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Wage Theories

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  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Shift in demand for labour D1 D2 MRP1 MRP2 MRP D Increase Decrease demand Demand for labour unit Productivity Y X O
  • 9. Wage determination under competitive condition DL D SL S W AW=MW W O Y X X Y O (Labour supply curve ) (Wage line) AC=MC of labour N E Units Of Labour Units Of Labour Wage Rate Industry Market Firm
  • 10. Relation between Wage and Managerial Productivity X Y Y X 0 0
  • 11. X Y 0
  • 12. Y Y X X 0 0
  • 13.