Examlex
Which of the following is NOT true about casts?
Discrimination Effect
The impact on consumer choice and market outcomes when products are differentiated, often based on perceived quality or branding, leading to variations in pricing.
Discrimination
Discrimination refers to unjust or prejudicial treatment of different categories of people, especially based on race, age, or sex.
Personal Characteristics
Attributes or features that define an individual, including traits, skills, and preferences.
Wage Difference
Wage difference is the variance in pay for different jobs or employees, often influenced by factors such as skill level, industry demand, and geographic location.
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