Examlex
Select the word or phrase that best matches the definition or example .
-Name given to Russia by the Mongols after they conquered it and incorporated it into the Mongol Empire in the mid-thirteenth century;known to Russians as the Khanate of the _______.
Minimum Wage Laws
Regulations established by governments that set the lowest hourly wage rate that employers can legally pay their workers.
Employers
Employers are individuals or organizations that hire and pay people to perform specific jobs.
Workers
Individuals engaged in any form of labor, whether employed by organizations, self-employed, or working as freelancers, contributing to the production of goods and services.
Producer Surplus
The difference between the amount a producer is paid for a good compared to the minimum amount they would be willing to accept for it, a measure of producer welfare.
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