Low labor market participation is one of the element of the U.S. economy's current configuration that belief of its greatest weaknesses.
<h3>Why is the low participation in the labor market a weakness for the United States?</h3>
A large decrease in labor force involvement rates has been assigned for much of the labor force insufficiency. In the early time period of the pandemic, labor force participation plumped as many businesses closed.
In the United States, The economy is capitalized, and there is huge requirement for the labor but due to the location issue, US economy's current configuration that is regarded as one of its most serious flaws.
Therefore, Low labor market participation is one element of the U.S. economy's weakness.
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Answer:
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses
Explanation:
Sunshine all around
Pouring raining days, but
Rainbows come offer the showers
I love to jump in the puddles splash
No school it’s vacation for a week
Green grass and pretty flowers
Answer:
Paying higher sometimes cause a dip in supply because they raise the cost of production.
Explanation:
Once the wages are raised, the capital that could have been used to obtain supplies now goes to the wages.
The supply sector dips thereby leading to low production and at last low returns.
Foe instance if wages of workers in a sugar factory are raise, then the supply shall decrease due to the extra capital that shall be spent on the wages.
