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1991 WAEC Economics Theory Explain the factors that affect the supply of labour in Nigeria. 

Economics
WAEC 1991

Explain the factors that affect the supply of labour in Nigeria. 

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Explanation

Factors affecting supply of labour in Nigeria are:
(i) Size of population of a country: The larger the population, the greater the labour force.

(ii) Official school-leaving age: If the leaving age is low, the proportion of labour force will be high.

(iii) Retirement age: The age of exit in public employment will determine the labour force. If it is raised, the supply of labour will be high.

(iv) Pursuit of higher education: Many people in their pursuit of higher education, go beyond the official entry age into the labour force.

(v) Age composition of population: The structure of a country's population is a significant determinant of the size of the labour force. The labour force will be increased in a country with a great number of its people between the ages of 15 and 65 years.

(vi) Role of women in the society: In some societies, women are usually prevented from engaging in gainful employment because of religious belief, social and cultural factors.

(vii) Number of working hours and working days: The number of working hours per day and the number of working days in a week or a year also help to determine the labour supply 


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free