Examlex
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Workers Demanded
The number of employees that employers are willing to hire at a given wage rate within a specific period.
Labor Demand Curve
A graphical representation showing the relationship between the quantity of labor demanded by employers and the wage rate.
Elastic
A term in economics describing a situation in which the demand or supply for a good or service dramatically changes in response to price changes.
Economic Immigration
The movement of individuals from one country to another to seek better economic opportunities, often including employment and business prospects.
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