Examlex
What are the four major communication functions?
Firms
Businesses or companies that produce goods or provide services in exchange for monetary profit.
Hired Workers
Individuals employed to perform services or labor for compensation under the direction of an employer.
Derived Demand
Demand for a product or service that results from the demand for another good or service, like the demand for steel driven by demand for cars.
Demand for Labor
The demand for labor reflects the amount of labor employers are willing to hire at a given wage rate, influenced by economic conditions and productivity.
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