Examlex
A firm's demand for labor is derived in part from
Market System
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with prices determined in free markets.
Self-Interest
An individual's actions and decisions are motivated by their own personal gain or interest, often considered as the driving force behind economic activity.
Competition
is the rivalry among sellers in the same market to attract customers by offering better terms, quality, or services.
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