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WEEK 4
SUBJECT: COMMERCE
CLASS: SS1
TOPIC: OCCUPATION
CONTENT:
- Factors that determine types of occupation
- Factors that determine employment
SUB TOPIC 1: FACTORS THAT DETERMINE TYPES OF OCCUPATION
- Climatic and weather condition: The climatic and weather condition will determine the type of occupation people engage in e.g. fishermen in riverine area.
- Natural resources: The availability of natural resources affects the choice of employment e.g. miners
- Education and skill: The Education and skill an individual acquire will influence the type of occupation he is involved in. e.g. doctors
- Salary and Wages: The remuneration and condition of service will affect the choice of occupation.
- Industrial hazards: The risk of a job also determines people’s involvement in the job.
- Other factors are interest, policies of the government etc.
EVALUATION
1a. Enumerate any four factors affecting employment.
- Explain two of the factors listed above
SUB TOPIC 2: FACTORS THAT DETERMINE EMPLOYMENT
Two broad factors that influence employment are
- Demand for Labour
- Supply of Labour (Availability of labour and the quality of labour)
DEMAND FOR LABOUR
The demand for labour comes from the employer and the employer of labour will be influenced by:
Labour intensive: The extent to which labour is used in the production of goods and services will determine the demand for labour. Where labour is relatively cheap compared to capital, firms will prefer to employ labour in the production of goods and services.
Wage rate: The wage rate that a business needs to pay for each additional worker employed will influence how many workers the business will demand. If the wage rate is high, it will be more costly to hire extra worker and as such it will affect the demand for labour.
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