Examlex
What are the five most important variables that cause the market demand curve for labour to shift?
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Consumer
Consumer is an individual or group that purchases goods or services for personal use, not for manufacture or resale, driving the demand side of the marketplace.
Substitute Goods
Products or services that can be used in place of one another, fulfilling the same needs or wants of the consumer.
Normal Goods
Goods for which demand increases as the income of the consumer increases, exhibiting a direct relationship between income and demand.
Complementary Goods
Goods that are typically consumed together, such that the demand for one increases when the price of the other decreases.
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