Examlex
The terms equality and efficiency are similar in that they both refer to benefits to society. However, they are different in that
Markets For Factors
Markets where factors of production such as labor, capital, and land are bought and sold.
Goods And Services
Physical products and intangible activities that fulfill the wants or needs of consumers and can be offered in a market for acquisition.
Markets For Factors
Markets where factors of production like land, labor, and capital are bought and sold.
Labor Exchange
The process whereby workers and employers connect or interact to facilitate employment, often mediated by a platform or agency.
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