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Employers sometimes reduce the fringe benefits provided to workers when the government sets a minimum wage in the labor market.Due to this:
Government-Provided Goods
Goods and services offered to the public by the government that might not be provided by the market or would be underprovided, such as public parks and national defense.
Explicit Fee
A clear and defined charge for a service or product that is not hidden or implicit.
Antipoverty Programs
Government or organizational initiatives designed to reduce or eliminate poverty by providing assistance to the needy through services or financial aid.
Public Good
A good or service provided at no cost to every person in a society, delivered by either state institutions or a nonprofit private individual or organization.
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