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What is the difference between earthquake intensity and magnitude?
Labor-Force Participation
The ratio of the working-age group that is involved in the labor market, being either in employment or actively searching for a job.
Since 1950
A phrase indicating a time frame that starts from the year 1950 to the present, often used to denote changes or developments over that period.
Comparative Advantage
The ability to produce a good at a lower opportunity cost than another producer
Sectoral Shocks
Unexpected events that cause significant shifts in demand or supply in a specific sector of the economy, leading to changes in prices and output levels.
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