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Wage Affected
A phrase indicating how wages can be influenced or modified by various factors such as inflation, demand, or government policy.
Agricultural Products
Goods derived from farming and the cultivation of the land, such as crops, livestock, and raw materials.
Marginal Product
The additional output that results from using one more unit of a particular input, keeping all other inputs constant.
Labor-Supply Curve
A graph that shows the relationship between the wages workers receive and the amount of labor they are willing to supply.
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