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Unit 4 Economics of Work and Leisure


Nature of work and leisure and trends in employment and earnings
compare the employment and earnings structures between of the UK
Unit Labour costs
Distinguish between work and leisure
Application of market structures  to include the market for package holidays, air travel,  spectator sports and television broadcasting:
- Perfect competition
- Monopoly
- Monopolistic competition
- Game theory
- Oligopoly
Labour demand, supply and wage determination
Market failure and the role of the government and unions in the labour market



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