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Wages are the remuneration paid to workers for their labour. In economics, the level of wages is determined by the demand for and supply of labour, the productivity of workers, the nature of employment, and the bargaining strength of workers and employers. There are several methods through which wages can be raised. The three important methods are increasing the demand for labour, reducing the supply of labour, and increasing the productivity of labour. The first method is to increase the demand for labour. The demand for labour is a derived demand because labour _____ _______ _________ __________ _________ _____ ______ ______ __________ ___ ________.
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