Examlex
Which one of the following is believed to be the major event that led to the appearance of large complex animals on Earth?
Surplus of Labor
A situation where the supply of labor exceeds the demand for it, resulting in unemployment or underemployment.
Downward Pressure
Describes a situation where factors contribute to the decrease in the price of a product or asset.
Wages
Payments made to workers for their labor, usually based on hours worked or output produced, and a fundamental component of employment contracts.
Equilibrium Wage
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers, resulting in labor market equilibrium.
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