(a) Explain the meaning of labour economics (2 marks). (b) With the help of diagrams explain...

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(a) Explain the meaning of labour economics (2 marks). (b) With the help of diagrams explain how the important aspects of labour economics are fitted in micro-economics and macro-economic concepts (18 marks). (c) Explain the term "collective bargaining" (5 marks). (a) Explain the meaning of labour economics (2 marks). (b) With the help of diagrams explain how the important aspects of labour economics are fitted in micro-economics and macro-economic concepts (18 marks). (c) Explain the term "collective bargaining" (5 marks).

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a Labour economics is a branch of economics that focuses on the study of labor markets labor supply and demand and the behavior of workers and employers It examines the decisions and interactions of i... View the full answer