SlideShare ist ein Scribd-Unternehmen logo
1 von 13
Wage theories
Meaning and Definition   ,[object Object],[object Object]
Economic Theories about Wages ,[object Object]
Modern wage theory of wage ,[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Shift in demand for labour ,[object Object],[object Object]
Shift in demand for labour  D1 D2 MRP1 MRP2 MRP D Increase Decrease demand  Demand for labour unit  Productivity Y X O
Wage determination under competitive condition   DL D SL S W AW=MW W O Y X X Y O (Labour supply curve ) (Wage line) AC=MC of labour  N E Units Of Labour  Units Of Labour  Wage Rate  Industry Market  Firm
Relation between Wage and Managerial Productivity X Y Y X 0 0
X Y 0
Y Y X X 0 0
[object Object]

Weitere ähnliche Inhalte

Ähnlich wie 0 Wage Theories

Lecture 3 Theoretical dimensions of wages.ppt
Lecture 3 Theoretical dimensions of wages.pptLecture 3 Theoretical dimensions of wages.ppt
Lecture 3 Theoretical dimensions of wages.pptFeminaSyed1
 
Wage theories & Wage differentials
Wage theories & Wage differentialsWage theories & Wage differentials
Wage theories & Wage differentialsBrinda Nagar
 
Session 3-Classical Model (1).pptx
Session 3-Classical Model (1).pptxSession 3-Classical Model (1).pptx
Session 3-Classical Model (1).pptxwali97
 
Ignou solved assignment eec 11 2014 to 2015 (demo)
Ignou solved assignment eec   11 2014 to 2015 (demo)Ignou solved assignment eec   11 2014 to 2015 (demo)
Ignou solved assignment eec 11 2014 to 2015 (demo)Kumar Nirmal Prasad
 
General Theory of Factor Pricing
General Theory of Factor PricingGeneral Theory of Factor Pricing
General Theory of Factor PricingBikash Kumar
 
Micro and macroeconomics
Micro and macroeconomicsMicro and macroeconomics
Micro and macroeconomicsNavneetKaur607
 
Eem eco faq_answer
Eem eco faq_answerEem eco faq_answer
Eem eco faq_answerJuhi Shah
 
ackleymacro.ppt
ackleymacro.pptackleymacro.ppt
ackleymacro.pptUsaShows
 
Keynesian theory of income determination
Keynesian theory of income determinationKeynesian theory of income determination
Keynesian theory of income determinationTej Kiran
 
keynesiantheoryofincomedetermination-140303110359-phpapp02.pdf
keynesiantheoryofincomedetermination-140303110359-phpapp02.pdfkeynesiantheoryofincomedetermination-140303110359-phpapp02.pdf
keynesiantheoryofincomedetermination-140303110359-phpapp02.pdfDhawal32
 
.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx
.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx
.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docxhoney725342
 
Demand and its function
Demand and its functionDemand and its function
Demand and its functionShikha Tiwari
 

Ähnlich wie 0 Wage Theories (20)

economics
 economics economics
economics
 
Wage theories
Wage theoriesWage theories
Wage theories
 
Lecture 3 Theoretical dimensions of wages.ppt
Lecture 3 Theoretical dimensions of wages.pptLecture 3 Theoretical dimensions of wages.ppt
Lecture 3 Theoretical dimensions of wages.ppt
 
Wage theories & Wage differentials
Wage theories & Wage differentialsWage theories & Wage differentials
Wage theories & Wage differentials
 
Theories of wages
Theories of wages Theories of wages
Theories of wages
 
Theories Of Distribution.pptx
Theories Of Distribution.pptxTheories Of Distribution.pptx
Theories Of Distribution.pptx
 
Economics
EconomicsEconomics
Economics
 
Session 3-Classical Model (1).pptx
Session 3-Classical Model (1).pptxSession 3-Classical Model (1).pptx
Session 3-Classical Model (1).pptx
 
Ignou solved assignment eec 11 2014 to 2015 (demo)
Ignou solved assignment eec   11 2014 to 2015 (demo)Ignou solved assignment eec   11 2014 to 2015 (demo)
Ignou solved assignment eec 11 2014 to 2015 (demo)
 
General Theory of Factor Pricing
General Theory of Factor PricingGeneral Theory of Factor Pricing
General Theory of Factor Pricing
 
Theories
TheoriesTheories
Theories
 
Micro and macroeconomics
Micro and macroeconomicsMicro and macroeconomics
Micro and macroeconomics
 
Eem eco faq_answer
Eem eco faq_answerEem eco faq_answer
Eem eco faq_answer
 
ackleymacro.ppt
ackleymacro.pptackleymacro.ppt
ackleymacro.ppt
 
Keynesian theory of income determination
Keynesian theory of income determinationKeynesian theory of income determination
Keynesian theory of income determination
 
Family4 Prices
Family4 PricesFamily4 Prices
Family4 Prices
 
keynesiantheoryofincomedetermination-140303110359-phpapp02.pdf
keynesiantheoryofincomedetermination-140303110359-phpapp02.pdfkeynesiantheoryofincomedetermination-140303110359-phpapp02.pdf
keynesiantheoryofincomedetermination-140303110359-phpapp02.pdf
 
.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx
.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx
.. ECON 563Managerial EconomicsModule 2 Market Equilibriu.docx
 
Labour & Wages
Labour & WagesLabour & Wages
Labour & Wages
 
Demand and its function
Demand and its functionDemand and its function
Demand and its function
 

Mehr von satyam mishra

Recruitment Strategy
Recruitment StrategyRecruitment Strategy
Recruitment Strategysatyam mishra
 
Introduction To Industrial Relation
Introduction To Industrial RelationIntroduction To Industrial Relation
Introduction To Industrial Relationsatyam mishra
 
Introduction To Industrial Relation.2ppt
Introduction To Industrial Relation.2pptIntroduction To Industrial Relation.2ppt
Introduction To Industrial Relation.2pptsatyam mishra
 
Chapter 01 Slides 4e
Chapter 01 Slides 4eChapter 01 Slides 4e
Chapter 01 Slides 4esatyam mishra
 
Benefits Under Epf.Ppt
Benefits Under Epf.PptBenefits Under Epf.Ppt
Benefits Under Epf.Pptsatyam mishra
 
Supervisors Briefing 2007 Program Changes Final4 30 072
Supervisors Briefing 2007 Program Changes Final4 30 072Supervisors Briefing 2007 Program Changes Final4 30 072
Supervisors Briefing 2007 Program Changes Final4 30 072satyam mishra
 
Stress Managementonline
Stress ManagementonlineStress Managementonline
Stress Managementonlinesatyam mishra
 
How To Manage Stress And Time Workbook For 4 16 09
How To Manage Stress And Time Workbook For 4 16 09How To Manage Stress And Time Workbook For 4 16 09
How To Manage Stress And Time Workbook For 4 16 09satyam mishra
 
Sexual Harassment Employee Powerpoint
Sexual Harassment Employee PowerpointSexual Harassment Employee Powerpoint
Sexual Harassment Employee Powerpointsatyam mishra
 
Industrial Relations Law
Industrial Relations LawIndustrial Relations Law
Industrial Relations Lawsatyam mishra
 

Mehr von satyam mishra (20)

Recruitment Strategy
Recruitment StrategyRecruitment Strategy
Recruitment Strategy
 
Introduction To Industrial Relation
Introduction To Industrial RelationIntroduction To Industrial Relation
Introduction To Industrial Relation
 
Introduction To Industrial Relation.2ppt
Introduction To Industrial Relation.2pptIntroduction To Industrial Relation.2ppt
Introduction To Industrial Relation.2ppt
 
Hrm
HrmHrm
Hrm
 
Chapter 01 Slides 4e
Chapter 01 Slides 4eChapter 01 Slides 4e
Chapter 01 Slides 4e
 
Benefits Under Epf.Ppt
Benefits Under Epf.PptBenefits Under Epf.Ppt
Benefits Under Epf.Ppt
 
Benefits Under Esi
Benefits Under EsiBenefits Under Esi
Benefits Under Esi
 
Softskill
SoftskillSoftskill
Softskill
 
Time Stress
Time StressTime Stress
Time Stress
 
Supervisors Briefing 2007 Program Changes Final4 30 072
Supervisors Briefing 2007 Program Changes Final4 30 072Supervisors Briefing 2007 Program Changes Final4 30 072
Supervisors Briefing 2007 Program Changes Final4 30 072
 
Stress Managementonline
Stress ManagementonlineStress Managementonline
Stress Managementonline
 
Stressbusters
StressbustersStressbusters
Stressbusters
 
Stress
StressStress
Stress
 
Stress Management
Stress ManagementStress Management
Stress Management
 
Media,9750,En
Media,9750,EnMedia,9750,En
Media,9750,En
 
How To Manage Stress And Time Workbook For 4 16 09
How To Manage Stress And Time Workbook For 4 16 09How To Manage Stress And Time Workbook For 4 16 09
How To Manage Stress And Time Workbook For 4 16 09
 
Sexual Harassment Employee Powerpoint
Sexual Harassment Employee PowerpointSexual Harassment Employee Powerpoint
Sexual Harassment Employee Powerpoint
 
Ppt On Ir
Ppt On IrPpt On Ir
Ppt On Ir
 
Labour Laws 1
Labour Laws 1Labour Laws 1
Labour Laws 1
 
Industrial Relations Law
Industrial Relations LawIndustrial Relations Law
Industrial Relations Law
 

Kürzlich hochgeladen

Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Roland Driesen
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...Aggregage
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 DelhiCall Girls in Delhi
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 

Kürzlich hochgeladen (20)

Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 

0 Wage Theories

  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Shift in demand for labour D1 D2 MRP1 MRP2 MRP D Increase Decrease demand Demand for labour unit Productivity Y X O
  • 9. Wage determination under competitive condition DL D SL S W AW=MW W O Y X X Y O (Labour supply curve ) (Wage line) AC=MC of labour N E Units Of Labour Units Of Labour Wage Rate Industry Market Firm
  • 10. Relation between Wage and Managerial Productivity X Y Y X 0 0
  • 11. X Y 0
  • 12. Y Y X X 0 0
  • 13.