Economics

Study Notes

Minimum Wage and Living Wage (Government Intervention)

Level:
AS, A Level
Board:
AQA, Edexcel, OCR, IB

A minimum price is a price floor below which the market price cannot fall. To be effective the minimum price has to be set above the equilibrium price. The best example of a minimum price is a minimum wage in the labour market

Minimum Wage Analysis - Revision Video


Revision Video: Minimum Wage Evaluation

Minimum Wage Evaluation - Revision Video

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2021 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.