Examlex
Wording of jury instructions is set by law.
Primary Labor Market
The segment of the labor market that consists of high-paying jobs with good benefits and job security, often requiring higher education or specialized skills.
Economic Rent
The excess payment for a factor of production over its opportunity cost, highlighting the benefits received from a unique advantage or situation.
Demand for Labor
the quantity of workers that employers are willing and able to hire at a given wage rate in a given time period.
Supply of Labor
The total hours that workers are willing and able to work at a given wage rate, over a certain time frame.
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