Examlex
Human resource management is receiving increased attention because the shift from traditional manufacturing industries to service and high-tech manufacturing industries requires workers to have more technical job skills.
Slightly Inelastic
Describes demand or supply that is only marginally responsive to changes in price, with the quantity demanded or supplied changing by a smaller percentage than the price change.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specific period.
Supply
The total amount of a product or service available for purchase at any given price level in a given market.
Market
A system where buyers and sellers interact to trade goods, services, and resources.
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