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There are two vending machines in your dorm.The one on the left always works;the one on the right is usually broken.You put your money only in the machine on the left.This is
Wage Rate
The fixed amount of compensation or payment made to an employee by an employer in return for work performed, typically expressed on an hourly, daily, or piecework basis.
Labor
The exertion of human energy, both bodily and cognitive, employed in generating goods and services.
Leisure
Free time when one is not working or occupied, which can be used for rest, entertainment, or activities one enjoys.
Nonlabor Income
Income received that is not related to wages or salaries, such as income from investments, pensions, or social security.
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