Examlex
The first chemist to formally state the law of constant composition was:
Demand for Labor
the quantity of workers that employers are willing and able to hire at a given wage rate in a given time period.
Supply of Labor
The total hours that workers are willing and able to work at a given wage rate, over a certain time frame.
Supply of Capital
The total resources, financial and otherwise, available for investment in production.
Dual Labor Market
describes an economy divided into two segments: a primary sector with secure, well-paid jobs, and a secondary sector with insecure, poorly paid jobs.
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