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Efficiency Wages
Wages set above the market equilibrium to increase worker productivity and efficiency.
Unemployment
Describes the situation where individuals who are capable of working and willing to work are unable to find employment.
Market Forces
The economic factors affecting the price, demand, and availability of goods and services in a free market, including competition, supply, and demand.
Discrimination
Unfair treatment of a person or group based on characteristics such as race, gender, age, or religion.
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