Examlex
Match the following terms to their meanings and ideas.
-pointcasting
Minimum-wage Laws
Regulations establishing the lowest wage that employers can legally pay their workers.
Unemployment
A situation where individuals who are capable of working and willing to work cannot find employment.
Cartel
A group of firms acting in unison
Market Power
The ability of a single economic actor (or small group of actors) to have a substantial influence on market prices.
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