Examlex
A good example of a price floor is:
Labor Supply
The total hours that workers wish to work at a given wage rate, reflecting the workforce availability for employment in an economy.
Workers Employed
Refers to individuals who are currently holding a job in the economy, contributing to the production of goods and services.
Union Established
The formation of a labor union, an organization that represents workers' interests to employers.
Salary Disparity
The variation in pay that exists between employees within a company, sector, or economy, often due to factors such as experience, education, or gender.
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