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What is meant by the term "assortative mating" and how does it affect the distribution of wealth?
Substitute Resources
Alternative means or materials that can be used to achieve the same function or production goal in the absence of preferred resources.
Price of Capital
The cost of using capital assets for production, including interest rates on loans or opportunity costs of using own capital.
Wage Rate
The amount of money paid to an employee by an employer in exchange for work performed, typically expressed on an hourly, daily, or piecework basis.
Workers Hired
The process of employing individuals to perform tasks or services in exchange for compensation.
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