Examlex
Incompetents and persons under the age of 18 cannot be held liable for their intentional torts.
Demand for Crew
The need or requirement for staff or team members, particularly in sectors such as aviation, maritime, and entertainment, where specific skill sets are necessary for operations.
Factor Market
A marketplace for the services of a factor of production, such as labor, capital, or land.
Labor-Augmenting Technology
Technological advancements that improve the efficiency of labor, resulting in higher output per worker.
Price of Output
The selling price for goods or services produced by a firm or industry.
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