Examlex
Which of the following was one of the most important advantages that made European colonialism so successful?
Taste-For-Discrimination Model
A theoretical model that explains how discrimination can affect economic decisions and outcomes by assuming some agents have a 'taste' or preference for discriminating against certain groups.
Wages
Compensation given to employees for their work, often determined by the hour, day, or by the amount of work completed.
Labor Force
The labor force comprises all the working-age population that is either employed or actively seeking employment.
Discrimination
Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.
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