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If the wage rate rises,then in the long run,the firm will replace some of its labor with other factors such as capital,even if it keeps its output level constant.This phenomenon is known as
Medication
Drugs or substances used to diagnose, treat, or prevent illness and disease, promoting health and well-being.
Poor Health
A state of decreased physical, mental, or social well-being, resulting from disease, injury, or other health conditions.
Evolutionary Perspective
A theoretical approach that explains psychological traits as adaptations evolved to solve recurrent problems in human ancestral environments.
Adaptive Environments
Spaces designed to change according to the needs of the user or as per environmental conditions, improving comfort and functionality.
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