Examlex
Write the system of equations as a matrix equation of the form AX = B, where A is the coefficient matrix, X is the column matrix of variables, and B is the column matrix of constants.
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Product Market
The marketplace where final goods or services are traded, allowing businesses to sell their products directly to consumers or users.
Labor Market
The supply and demand for labor, where employers seek to hire workers and workers seek employment, influencing wages and employment levels.
Product Market
A commercial space where end products or services are presented to individuals, companies, and government entities.
Labor Market
The supply of available workers in relation to available employment.
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