Examlex
Why did Shakespeare stop writing plays in 1613?
Households
Entities comprising one or more persons who live together and make joint decisions about consumption and other aspects of their lives; considered a basic unit in economics for analysis of consumption patterns.
Firms
Business entities or organizations that produce goods or provide services with the aim of earning profits.
Opportunity Cost
The expense incurred by not selecting the next most favorable option when deciding or opting for one action instead of another.
Hourly Wage
The amount of money paid to an employee for one hour of work.
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