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is defined as both the consistencies in people and the ways people change over time.
Plumbers
Skilled tradespeople who install, maintain, and repair water, gas, and other piping systems in homes and businesses.
Factor Market
The marketplace for services of factors of production (like labor, land, and capital) where firms buy resources needed to produce goods and services.
Electricians
Skilled workers specialized in installing, maintaining, and repairing electrical systems and equipment.
Demand for Labor
The total amount of workers that employers want to hire at a given wage rate.
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