Examlex
Nominal wages determine how much labor is supplied to the economy.
Consuming Units
Entities, typically individuals or households, that use goods and services for personal needs or wants.
Households
The consuming units in an economy.
Factors Of Production
The inputs used in the creation of goods or services; traditionally includes land, labor, capital, and entrepreneurship.
Capital
Funds or financial assets leveraged by companies to fund their operations and grow their businesses.
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