Labor Demand

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Economic concept
gptkbp:affects gptkb:technology
Productivity
Demand for goods and services
Wage rate
gptkbp:analyzes gptkb:Neoclassical_economics
gptkbp:contrastsWith Labor supply
gptkbp:decreasesWhen Wages increase (ceteris paribus)
gptkbp:determines Marginal productivity of labor
gptkbp:graphicallyRepresents Downward sloping curve
https://www.w3.org/2000/01/rdf-schema#label Labor Demand
gptkbp:increasesWhen Wages decrease (ceteris paribus)
gptkbp:measures Number of workers firms are willing to hire
gptkbp:partOf Derived demand
gptkbp:relatedTo occupation
Wages
Labor market
gptkbp:shiftsWhen Demand for final goods changes
Productivity changes
Technology changes
gptkbp:studiedIn gptkb:Microeconomics
gptkbp:bfsParent gptkb:Daniel_S._Hamermesh
gptkbp:bfsLayer 8