The amount of work an individual wants to sell toan employer is called labor _____.

The amount of work an individual wants to sell to an employer is called labor supply.

Labor supply refers to the total hours that workers are willing and able to work at a given wage rate during a specific time period. This concept is essential in economics as it helps to determine the workforce available in an economy. Factors influencing labor supply include wage rates, individual preferences, population demographics, educational attainment, and alternative employment opportunities. When the wage offered increases, individuals are more likely to enter the labor market or increase their working hours, reflecting a positive relationship between wage and labor supply. Conversely, a decrease in wages may discourage participation in the workforce, leading to a reduction in labor supply. Understanding labor supply is crucial for employers and policymakers when making decisions regarding hiring, wage levels, and economic policy.