Examlex
In the United States, the distribution of wealth is more unequal than the distribution of income.
Economic Rent
Income earned from a factor of production that exceeds the owner's opportunity cost, often due to unique advantages or monopolistic control.
Economic Rent
The extra income earned by a resource owner simply because of ownership, without contributing additional work or investment.
Major League Baseball
The professional baseball organization that is the oldest of the four major professional sports leagues in the United States and Canada.
Secondary Labor Market
Refers to segment of the labor market characterized by low pay, poor job security, and limited career prospects, often involving part-time or temporary work.
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