Examlex
"Net widening" occurs when offenders are diverted into a new program even though they are not really the individuals for whom the program was originally intended.
Industrial Country
A nation that has a significant level of industrialization, characterized by a high income per capita and diversified economy.
Demand For Labor
The total amount of labor that employers are willing and able to hire at a given wage rate in an economy.
MRP Schedule
An MRP (Marginal Revenue Product) schedule outlines how a change in the quantity of input affects the revenue from the sale of additional output.
Real Wages
Wages adjusted for inflation, representing the purchasing power of income earned from work.
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