Examlex
Explain how political science serves as an instructive parallel for the academic study of religion.
Dual Labor Market Theory
A theory suggesting the labor market is divided into two segments—the primary (high wage, good jobs) and the secondary (low wage, poor quality jobs) sectors.
Productivity Growth
The increase in the efficiency of production, measured by the amount of goods and services produced per unit of input.
Unionized Workers
Employees who are members of a union, which is an organized association formed to protect and further their rights and interests.
Substitution Effect
The economic understanding that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.
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