Examlex
The term that refers to the reduction of the general level of prices in an economy is
Marginal Productivity Theory
A principle that describes how the addition of a unit of labor or capital increases output, holding other factors constant.
Unequal Distribution
A situation where resources, wealth, or opportunities are not evenly shared among members of a society.
Median Earnings
The midpoint of income distribution, meaning that half of the workers earn more than this amount and half earn less.
Labor Market
A marketplace where employers and employees interact concerning the exchange of labor for compensation.
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