Question: Please give a try in this question, try to explain it as best as you can, thanks !I am strum with how this is involved,

Please give a try in this question, try to explain it as best as you can, thanks !I am strum with how this is involved, how to see the way to approach this economics question.

Suppose that a political party wants to increase labour's share of income after tax. Analyse how the following measures might affect labour's share:

(a) Limits on the number of firms that enter individual markets

(b) Increased taxes on non-labour incomes such as dividends and interest and reduced taxes on wage income

(c) A law stipulating reduced working hours

(d) If you could recommend a policy to the party based on the theory developed above, what would you recommend?

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