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What was William Harvey's significant breakthrough?
Labor Force
The labor force comprises all the working-age people in an economy who are either employed or actively looking for work.
Monopsony
A market condition where there is only one buyer for a product or service, giving the buyer significant power over prices and terms of sale.
Collective Bargaining
The process by which employers and a group of employees negotiate wages, working conditions, and other employment terms.
Strikes
A work stoppage caused by the mass refusal of employees to work, usually in protest against work conditions, pay levels, or company policies.
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