Examlex
Which of the following statements is true?
Industry
A segment of the economy composed of businesses and organizations that share a common focus, producing similar goods or services.
Equilibrium Wage
The compensation rate at which the demand for workers by companies matches the supply of workers.
Strong Preference
A situation where an individual or group greatly favors one option over another, often influencing decision-making processes and outcomes.
Kingship
The position, office, or authority of a king, encompassing aspects of governance, social hierarchy, and cultural symbolism in various societies.
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