Examlex
Briefly explain how Uranus and Neptune were discovered.
Substitution Effect
The change in consumption patterns due to a change in the prices of goods, leading consumers to replace more expensive items with less costly alternatives.
Income Effect
A change in the consumption patterns of individuals arising from a change in their real income, due to shifts in prices or income levels.
Unskilled Workers
Workers who have no specific training or specialized skills and usually perform simple tasks that require limited education.
Minimum Wage
The minimum wage permitted by law that employers can pay their employees, whether it's calculated by the hour, day, or month.
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