Examlex
The labour market is considered as one of the more important markets in an economy because
Money Income
The total amount of monetary earnings received by an individual or household before any deductions like taxes or social security contributions.
Units
Fundamental quantities used to measure, count, or quantify objects or events.
Diminishing Marginal Utility
See Law of Diminishing Marginal Utility.
Satisfaction
The contentment one feels when one's needs, desires, or expectations are fulfilled or surpassed.
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