Examlex
The steady decline of membership in unions in the United States can be explained by:
Capital and Labor
The primary factors of production, where capital refers to physical assets used in production, and labor refers to the human effort contributing to the production process.
Hourly Price
Refers to the cost associated with buying a good or service measured per hour.
Wage Rate
The amount of compensation paid to employees for their labor, often expressed per hour, day, or piece.
Alternative Technologies
Different methods or processes available for producing goods and services, often considered in the context of replacing or improving current production techniques.
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