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Typically, as a firm hires additional workers, the marginal product of labor
Unskilled Workers
Individuals employed in jobs that require minimal training or skills, often characterized by routine tasks that can be learned quickly.
Caregivers
Individuals who provide support and assistance to those with health issues, disabilities, or other needs, often family members or professionals.
Commodification
The transformation of goods, services, ideas, or people into commodities or objects of trade.
Nursing Home Residents
Individuals, often elderly, who live in a facility that provides 24-hour nursing care, assistance with everyday activities, and healthcare services.
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