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Which of the following is a side effect of extinction?
Wage Disparity
Wage disparity refers to the differences in wages earned by different groups of people, often influenced by factors such as gender, ethnicity, education, and job type.
Compensating Differentials
Wage differences across jobs that reflect the desirability of the job attributes, compensating workers for non-monetary aspects of different jobs like risk or undesirable hours.
Median Earnings
The middle value of earnings in a group, indicating that half of the group earns more and half earns less than this amount.
Private Businesses
Enterprises owned, operated, and managed by individual entrepreneurs, groups, or families, primarily for profit, without state control.
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