Labour supply
TOTAL HOURS THAT WORKERS WISH TO WORK AT A GIVEN REAL WAGE RATE
Labor supply; Labor supply curve; Labour supply curve; Supply of labor; Labor Supply
In mainstream economic theories, the labour supply is the total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate. It is frequently represented graphically by a labour supply curve, which shows hypothetical wage rates plotted vertically and the amount of labour that an individual or group of individuals is willing to supply at that wage rate plotted horizontally.