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Sue asked three of her friends after class if they thought the test they just finished taking was as easy as she thought it was. They all agreed that it was. She was surprised to find out the next day that although she and her friends had indeed done well, a majority of the class had failed. Why shouldn't Sue have been surprised?
Labor Force
The total number of people who are employed and unemployed but seeking work, representing the available labor supply in an economy.
Income Inequality
The unequal distribution of income and wealth among individuals or groups within a society.
Consumption Patterns
The tendencies or habits of consumers in acquiring and using goods and services over time.
Economies Of Scale
A situation where the cost per unit of output decreases as the scale of production increases.
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