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Table 9-17
-Refer to Table 9-17.Looking at the table above,real average hourly earnings in 2017 were
Public Good
A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Private Firms
Businesses owned and controlled by individuals or groups of individuals, as opposed to being owned by the government.
Property Rights
Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.
Fundamental Function
A basic or essential function that is fundamental to a system or process.
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