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A large number of occupations offer low wages because:
Cotton Farming
The agricultural practice of cultivating the cotton plant for its fibers, which are harvested and processed into textile products.
Substantial Entry Barriers
Significant obstacles that prevent or hinder new competitors from easily entering an industry or market.
Dominant Firms
Companies that possess a major share of the market and typically have considerable power to influence market conditions and prices.
Low Entry Barriers
Characteristics of a market or industry that make it easy for new companies to start operations and compete.
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