Labour demand

Okay kiddo, let me explain what labour demand is in a way that you can understand.

When companies need workers to do jobs, they are creating labour demand. Think of it like a puzzle – the company needs all the pieces to come together to make their business work, and workers are one of those important pieces.

Now, imagine that there's a new toy store opening up in town, and they need people to help run the store. They may create a job posting or put an ad in the newspaper asking for people to apply for the available jobs. This is their labour demand.

The amount of labour demand needed by a company can change depending on things like how busy the store is, or how many orders they have to fill. If the store gets a lot busier, they may need to hire more workers to keep up with the demand. If things slow down, they may need to lay off workers until things pick up again.

So, labour demand is simply the amount of workers that a company needs to keep their business running smoothly. It's like having all the important pieces of a puzzle in place – without them, the puzzle just won't work!