Answer to Question #46605 in Economics of Enterprise for Rahul Kumar
Rates prevail in the market?
There are so many kinds of wage in the market because of the differences associated with supply and demand in different segments of the labor market. Since workers are heterogeneous in their skills, abilities, willingness to work in certain conditions, this leads to the individual productivity differentiation and differences in wages. In addition, there are significant differences in the attractiveness of the work: the unattractive labor manufacturers are forced to pay higher wages.
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