Questionif ministry of labor sets up a minimum wage in the, Ask an Expert

Economics

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If Ministry of labor sets up a minimum wage in the labor market, what can be the potential effect on the employment? Explain your answer with help of relevant diagram.

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The question belongs to Economics, mainly to Micro-economics and it is discusses about a question where the ministry of labor setting up a minimum wage in the labor market and its potential effect on employment. This has been discussed in the solution with a diagram.

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Microeconomics, Economics

Category:- Microeconomics
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