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Diagonal communication:
Labor Supply Curve
A graphical representation that shows the relationship between the wage rate and the quantity of labor workers are willing to supply.
Part-Time Job
Employment with fewer hours per week compared to full-time jobs, often offering flexibility but with reduced benefits.
Economics
The social science that analyzes the production, distribution, and consumption of goods and services, focusing on how individuals, businesses, governments, and nations make choices on allocating resources.
Market Labor Supply
The total availability of labor willing to work at corresponding wage rates in a given market or economy.
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