单词 | backward supply curve for labour |
释义 | backward supply curve for labourbackward supply curve for labour(ECONOMICS) a situation in which an increase in the rate of pay reduces, rather than increases, the willingness to work extra hours. For example, peasants in a traditional economy or students working part-time during a degree course, may have ‘target incomes’, required to supplement income from land or from a grant or loan, and thus choose to work fewer hours as the rate of pay increases. |
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