Examlex
A horizontal merger occurs between a buyer and a supplier.
Hired
The process of engaging an individual's services for employment under agreed-upon terms and conditions.
Equilibrium Wage
The wage rate at which the quantity of labor supplied by workers equals the quantity of labor demanded by employers, resulting in a stable labor market.
Illegal Immigrants
Individuals who enter or reside in a country without legal permission or overstay their authorized period.
Labor Market
A marketplace in which employers find workers and workers find jobs; this market is influenced by supply and demand for labor, skills required, and wage levels.
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