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The impact of globalization has been to create large economically depressed urban areas where gangs can flourish and export their influence.
Marginal Productivity
The additional output that is produced by employing one more unit of a factor of production, holding all other factors constant.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a factor of production.
Market Wage Rate
The prevailing rate of compensation offered for labor in a specific market or industry, determined by supply and demand.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource or input, used in decision-making about resource allocation.
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