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- Hicks–Marshall_laws_of_derived_demand abstract "In economics, the Hicks–Marshall laws of derived demand assert that, other things equal, the own-wage elasticity of demand for a category of labor is high under the following conditions: When the price elasticity of demand for the product being produced is high (scale effect). So when final product demand is elastic, an increase in wages will lead to a large change in the quantity of the final product demanded affecting employment greatly. When other factors of production can be easily substituted for the category of labor (substitution effect). When the supply of other factors of production is highly elastic (that is, usage of other factors of production can be increased without substantially increasing their prices) (substitution effect). That is, employers cannot easily replace labor as doing so will lead to a large increase in other factor prices making it useless. When the cost of employing the category of labor is a large share of the total costs of production (scale effect)The "Hicks–Marshall" is named for economists John Hicks (from The Theory of Wages, 1932) and Alfred Marshall (from Principles of Economics, 1890).".
- Hicks–Marshall_laws_of_derived_demand wikiPageID "1036205".
- Hicks–Marshall_laws_of_derived_demand wikiPageLength "1382".
- Hicks–Marshall_laws_of_derived_demand wikiPageOutDegree "11".
- Hicks–Marshall_laws_of_derived_demand wikiPageRevisionID "668315121".
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Alfred_Marshall.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Category:Economics_laws.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Ceteris_paribus.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Demand.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Economics.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Elasticity_(economics).
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Factors_of_production.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink John_Hicks.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Price_elasticity_of_demand.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink Principles_of_Economics_(Marshall).
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLink The_Theory_of_Wages.
- Hicks–Marshall_laws_of_derived_demand wikiPageWikiLinkText "Hicks–Marshall laws of derived demand".
- Hicks–Marshall_laws_of_derived_demand hasPhotoCollection Hicks–Marshall_laws_of_derived_demand.
- Hicks–Marshall_laws_of_derived_demand wikiPageUsesTemplate Template:Econ-stub.
- Hicks–Marshall_laws_of_derived_demand subject Category:Economics_laws.
- Hicks–Marshall_laws_of_derived_demand comment "In economics, the Hicks–Marshall laws of derived demand assert that, other things equal, the own-wage elasticity of demand for a category of labor is high under the following conditions: When the price elasticity of demand for the product being produced is high (scale effect). So when final product demand is elastic, an increase in wages will lead to a large change in the quantity of the final product demanded affecting employment greatly.".
- Hicks–Marshall_laws_of_derived_demand label "Hicks–Marshall laws of derived demand".
- Hicks–Marshall_laws_of_derived_demand sameAs m.040btb.
- Hicks–Marshall_laws_of_derived_demand sameAs Q5751445.
- Hicks–Marshall_laws_of_derived_demand sameAs Q5751445.
- Hicks–Marshall_laws_of_derived_demand wasDerivedFrom Hicks–Marshall_laws_of_derived_demand?oldid=668315121.
- Hicks–Marshall_laws_of_derived_demand isPrimaryTopicOf Hicks–Marshall_laws_of_derived_demand.