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Ancient Chinese civilization originated in the valleys of the
Labor Supplied
The total hours that workers are willing to work at a given wage rate, representing the workforce available to the economy.
Labor Demanded
The total amount of workers that employers are willing and able to hire at a given wage rate in a certain period.
Natural Disaster
A sudden and extreme event caused by environmental factors that results in significant damage or loss.
Highest Valued Uses
The application of resources or efforts in the manner that yields the greatest benefit or utility.
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