Theory question 107
Labour MarketSection B
Explain the factors that affect the supply of labour in Nigeria.
Show the model answer
Model answer
Factors:
1. Size of the population.
2. Age structure – proportion of working-age people.
3. School-leaving age and length of education.
4. Retirement age.
5. Number of women in the labour force (social and religious attitudes).
6. Wage rate – higher wages attract more workers.
7. Hours of work and working conditions.
8. Health of the population.
9. Migration (immigration and emigration).
10. Attitude to work, leisure and unemployment benefits.
11. Number of disabled/invalid people.
Explanation
Explain each factor.