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Market Wage
The prevailing wage rate in a labor market, determined by supply and demand for labor.
Entry Level
In the job market, entry-level refers to positions that are designed for individuals with no or minimal professional experience, often requiring lower qualifications and providing training on the job.
Biotech Firm
A company that uses living systems and organisms to develop or make products, often focused on medical, agricultural, or industrial applications.
Productive Workers
Employees who are efficient in their work, contributing significantly to the output and success of the business.
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