Examlex
Intensity of competition ________ in lower-return industries.
Unemployment
A situation in which individuals who are able and willing to work cannot find jobs.
Living Standards
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.
Productivity
The efficiency with which inputs are converted into outputs, typically measured as the amount of goods and services produced per unit of labor.
Policymakers
Individuals or members of government bodies who are responsible for creating and implementing laws and policies.
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