Examlex
Explain the various functions that a "role" performs in the social system.
Exclusive Union
A labor union that only represents workers from a particular company or industry, often having restrictive membership criteria.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate in a specified time period.
Minimum Wage
The lowest legally permissible wage that employers can pay their employees.
Surplus Of Labor
A situation where the supply of labor exceeds the demand, often resulting in unemployment or downward pressure on wages.
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