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workers,global beauty chi flat iron, landowners,cheapest chi flat iron, and owners of capital. Chapter 19 will build on this analysis
to examine in more detail why some workers earn more than others. Chapter 20
will examine how much inequality results from this process and then consider
what role the government should and does play in altering the distribution of
income.
THE DEMAND FOR LABOR
Labor markets,Boston Bruins Jerseys, like other markets in the economy,Christian Louboutin Sandals, are governed by the forces of
supply and demand. This is illustrated in Figure 18-1. In panel (a) the supply and
demand for apples determine the price of apples. In panel (b) the supply and de-