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resource supplier
As a(n) , you have a labor supply curve for each of your labor's numerous possible applications.
Nonmarket work
includes time spent washing laundry, preparing a meal, or cleaning up after yourself.
Nonmarket labor
also includes time spent learning new skills and expanding your knowledge to increase your productivity.
market wage
The is determined by both labor demand and labor supply, just as both blades of scissors contribute equally to cutting paper.
term leisure
The refers to the time spent on non- work activities.
Nonmarket labor
includes either directly producing products and services, such as creating your own, or indirectly producing goods and services.
Leisure
refers to the time spent on non-work activities