Availability of Skilled and Unskilled Labour
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Last updated 8:41 AM on 5/26/25
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4 Terms
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Define Skilled Labour
labour that requires specialised training or education
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Define Unskilled Labour
labour that doesn’t require specialised training or education
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Impact of Availability of Labour on Businesses
higher wages offered to attract employees from other employers when there is low availability of skilled labour
business need to invest in employee training when there is limited available skilled workers
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