Determinants of Earnings in the Market

Introduction:
Earning is the amount of money an individual receives in exchange for their work. The earning of an individual in the market depends on various factors. In this question, we need to identify the two determinants of earning by an individual in the market.

Determinants of Earnings:
The two determinants of earning by an individual in the market are:

1. Education: Education is an important factor that determines the earning of an individual in the market. The level of education an individual has achieved is directly related to their earning potential. Higher education opens up more job opportunities and enables an individual to acquire specialized skills that are in demand in the market. This, in turn, leads to higher earnings.

2. Skill: Skill is another important determinant of earning in the market. An individual with a high level of skill is likely to earn more than someone with a lower level of skill. The market rewards individuals who have skills that are in demand. For example, a software developer with expertise in a particular programming language is likely to earn more than a software developer with basic programming skills.

Conclusion:
In conclusion, education and skill are the two determinants of earning by an individual in the market. These factors play a crucial role in determining an individual's earning potential and contribute significantly to their financial well-being. Therefore, it is important for individuals to invest in their education and to develop skills that are in demand in the market.

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