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Why is the short-run demand curve for labor downward sloping?
Goods
Tangible products or commodities that can be bought, sold, or traded and are typically used to satisfy wants or needs.
Buying and Selling
Refers to the basic economic activities involving the exchange of goods or services for money between buyers and sellers.
Services
are intangible products such as healthcare, education, and financial advice that fulfill consumer needs and wants without resulting in the ownership of physical goods.
Tertiary Sector
The segment of the economy that provides services rather than goods, including industries such as retail, healthcare, and education.
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