Availability of Skilled and Unskilled Labour

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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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