Question

Think like an economist. Let’s explore what happens when things change. If you were Ratna, what would you do in the following situations? Discuss with your classmates.

Imagine one of your helpers quits suddenly.

• Can the remaining workers manage the same amount of work?
• Will you need to offer a higher salary to attract a new worker?

Answer 1

• It mainly depends on the number of team members, their efficiency, and the amount of work they have to handle. If the previous worker was responsible for many important tasks, the remaining team may find it difficult to manage the workload.
• If my team faces a shortage of skilled workers, I may need to hire an experienced person by offering a higher salary.