Examlex
When quantity demanded exceeds quantity supplied, a shortage occurs and there is downward pressure on price.
Major League Baseball
A professional baseball organization consisting of teams that play in the American League and the National League.
United Auto Workers
A labor union in the United States representing workers in the automotive industry as well as other sectors.
Unemployment Insurance
A government-provided financial benefit offered to workers who have lost their job without fault on their part, aimed at providing temporary financial support.
Monopolized Labor Market
A labor market condition where a single employer significantly controls or influences the market for jobs and wages within an industry or region.
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