Examlex
If a person is unemployed because their industry has moved to another country, economists refer to the person as
Output per Worker
A measure of labor productivity calculated as the total output produced divided by the number of workers.
Market Supply Curve
A graphical representation showing the quantity of a good that sellers are willing and able to sell at different prices.
Labor
The human effort, both physical and mental, used in the production of goods and services.
Wage Rates
The standard amount of pay given for work performed, typically expressed as an hourly rate or salary.
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