Examlex
What are the foundation stones from which economic models are built?
Unskilled Labor
Work that requires minimal specialized skills or training, often involving manual or routine tasks.
Domestic Demand
The total demand for goods and services within a country, including both consumer spending and business investment.
Wage Gap
The difference in average earnings between two or more groups, often highlighting disparities between genders, races, or other demographic segments.
Human Capital
The aggregate of talents, understanding, and immaterial resources possessed by individuals that are capable of producing economic benefits.
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