List the Productivity Factors That May Explain the Difference in Pay

question 29

Essay

List the productivity factors that may explain the difference in pay between men and women in similar occupations.Do any of these factors arise as a result of cultural or social traditions? If so, describe how changes in social relationships affect the pay gap over time.

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Definitions:

Government

The governing body of a nation, state, or community, responsible for making and enforcing laws and policies.

Pencils

Writing instruments with a thin form factor, containing a core of graphite or a color pigment, used for writing or drawing.

Excess Supply

A market condition where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers at a given price.

Price Floor

A government-imposed minimum price charged for a commodity, below which it cannot legally be sold, typically intended to protect producers.