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Economics: Difference between revisions
→Useful Economic vocabulary, models & theories: adding labor
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* Substitute good | * Substitute good | ||
=== | === labor === | ||
* division of labor | |||
* flexibility of labor | |||
=== externalities === | |||
* = impacts or consequences upon others (external) | * = impacts or consequences upon others (external) | ||
* externalities have an inherent duality | * externalities have an inherent duality | ||