Examlex
In what way is development economics greater in scope than traditional economics?
Farm Productivity
The output of agricultural goods per unit of input, such as labor or land, over a certain period.
Labor Productivity
A measure of economic performance that examines the amount of goods and services produced by one hour of labor.
Unionized Labor Force
A workforce that is represented by one or more unions, which negotiate wages, working conditions, and other employment terms on behalf of their members.
Entrepreneur
An individual who initiates and operates a new business venture, taking on financial risks in the hope of profit.
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