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What explains the different patterns of economic development for Zambia and South Korea?
Immigration Effect
The impact that immigration has on a host country's economy, labor market, culture, and social fabric, both positive and negative.
Market Labor
The supply of available workers in relation to employment opportunities within a given market or industry.
Equilibrium Wage
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by employees, leading to a stable employment situation.
Freight Hauling
The process of transporting goods and materials by land, sea, or air.
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