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List factors that are ignored in the labour discipline model.

List factors that are ignored in the labour discipline model.

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Answer #1

Labour Displine Model :- This model explains that how employers set their wages so that employees get an economic rent which gives workers a reward to work hard in oder to avoid job closing.

List factors that are ignored in the labour discipline model:-

1. Wage subsidies are ignored in the lobour displine model.

2. Reservation wages effects are also ingnored in the model.

3. Involuntary unemployment also ignored in the model.

4. Government policies effects regarding to labor and employment also ignored.

5. Natural causes of unwilling to work are also ignored.

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