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Define and describe the egalitarian relationship.
Demand for Labor
The employers' desire for hire based on the available wages, the skill levels required, and the overall need for labor to perform tasks.
Supply of Labor
The total amount of labor, in terms of hours or the number of workers, that is available for employment in the economy at a given wage rate.
Opportunities
Situations where it's possible to perform an action that could lead to an improvement in one's situation.
Rational Employers
Employers who make hiring and firing decisions based on the optimization of productivity and cost-effectiveness.
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