Examlex
What is a cybermall?
Innate Productivity
The natural or inherent ability of an individual, firm, or country to produce goods and services efficiently.
Above-Equilibrium Wage
A wage rate set above the market equilibrium, where the quantity of labor supplied exceeds the quantity of labor demanded, often leading to unemployment.
Cartel
An association of independent businesses organized to control production, pricing, and marketing of goods to restrict competition.
Labor
The human effort, both physical and mental, used in the production of goods and services.
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