<P> In economics , a backward - bending supply curve of labour , or backward - bending labour supply curve , is a graphical device showing a situation in which as real , or inflation - corrected , wages increase beyond a certain level , people will substitute leisure ( non-paid time ) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour - time being offered for sale . </P>
<P> In economics , a backward - bending supply curve of labour , or backward - bending labour supply curve , is a graphical device showing a situation in which as real , or inflation - corrected , wages increase beyond a certain level , people will substitute leisure ( non-paid time ) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour - time being offered for sale . </P>
why supply curve of labour is backward bending
why supply curve of labour is backward bending
a situation in which as real , or inflation - corrected , wages increase beyond a certain level , people will substitute leisure ( non-paid time ) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour - time being offered for sale
a situation in which as real , or inflation - corrected , wages increase beyond a certain level , people will substitute leisure ( non-paid time ) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour - time being offered for sale