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-bazaar economy
Legal Immigrant
An individual who has been granted authorization to live and often work in a country other than their country of nationality, through legal channels.
Equilibrium
A state in which market supply equals market demand, such that the allocation of goods or resources is effectively balanced.
Compensating Wage Differentials
Differences in wage rates due to the non-monetary aspects of different jobs, such as risk level or working conditions.
Illegal Immigrant Workers
Illegal immigrant workers are individuals who are employed in a country without the legal authorization to work there, often facing exploitative conditions without protection under labor laws.
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