Examlex
Infants in this sensorimotor substage learn to repeat bodily movements that occurred initially by chance; they then repeat this chance behavior intentionally.
Optimal Labor Employment
The most efficient and effective level of staffing for a business or organization to maximize productivity and minimize costs.
Minimum Wage
The lowest legal salary that employers can pay their employees, often set by government laws.
Marginal Product
The additional output that is produced by using one more unit of a specific input, keeping other inputs constant.
Level of Employment
The total number of people currently employed in the economy, either full-time or part-time.
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