Examlex
costs refer to things parents forgo when rearing children.
Market Equilibrium
A condition or state in which the supply of a product matches its demand, leading to a stable price.
Surplus
An excess amount of a product or resource compared to the demand for it.
Minimum Wage
The lowest legal hourly rate of pay that employers can compensate workers.
Low-skill Workers
Employees possessing minimal technical training or education, often associated with tasks requiring lower levels of cognitive or manual skill.
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