Examlex
A minimum wage rate that is set ________ the equilibrium real wage rate creates a ________ of labor.
Resource
An economic or productive factor required to accomplish an activity, often categorized into natural resources, human resources, and capital resources.
Own Sake
Pertains to actions or activities pursued for their intrinsic value or personal fulfillment, without any external reward.
Productive Resource
An economic term for the inputs used in the production of goods or services in the attempt to make an economic profit.
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