Examlex
Elasticity is the NIST defined characteristic that allows resources to be managed by the consumer and quickly scaled out to provide more capability or quickly scaled in to release unneeded capacity and costs.
Current Wage
The present amount of money that a worker receives in exchange for their labor, usually expressed per hour, day, or per work output.
Surplus of Labor
A surplus of labor occurs when the supply of labor exceeds the demand, resulting in unemployment or underemployment in the market.
Surplus of Labor
A situation where the supply of labor exceeds the demand for it, resulting in unemployment or underemployment.
Downward Pressure
Describes a situation where factors contribute to the decrease in the price of a product or asset.
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