Examlex
The Ricardian model can be simplified and made more explanatory by assuming that there is only one resource used in producing goods. What did Ricardo assume the resource was?
American
Relating to or characteristic of the United States of America, its inhabitants, or their culture.
Wage System
The method or structure of paying laborers and employees for their work, often based on hours worked, productivity, or roles.
Government Ownership
The situation where assets, enterprises, or sectors are owned and controlled by the government rather than private individuals or companies.
Labor Movement
A collective organization of workers and unions aimed at improving wages, working conditions, and workers' rights through collective bargaining and political actions.
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