Examlex
Match each term with the correct statement below.
-location
Occupational Trends
Patterns or shifts in job growth, decline, or change in different sectors or industries over a period.
Price of Labor
The amount of money that is paid for the work done by employees or laborers.
Demand for Products
Consumers' eagerness and capability to acquire goods and services for certain prices.
Substitution Effect
The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.
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