Examlex
Suppose that butchers and bakers have no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers?
Productivity
The measure of the efficiency of production, often quantified as the ratio of output to input in the production process.
Investment
The purchase or construction of any new plant, equipment, or residential housing, or the accumulation of inventory; represented by I.
National Income
The total income earned by a country's population, including wages, profits, and rent, and the sum of all incomes earned by individuals and businesses.
Corporate Profits
The earnings generated by companies after covering their operational costs, taxes, and expenditures.
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