Labor economics

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Across
  1. 4. Behavior assumption in the labor market where actors make rational choices
  2. 7. The value of the labor product created during the production process
  3. 8. The core problem of any society according to economic theory
  4. 10. Conflict between workers and businesses when market wage is low
  5. 12. The subject impacting the labor market through policies and regulations
Down
  1. 1. The motivation for individuals and organizations to choose the most suitable option among many different options
  2. 2. Quantity of labor services (symbol L)
  3. 3. Difference between real wage and reservation wage
  4. 5. This entity represents labor demand in the labor market
  5. 6. The goal of utility maximization for workers
  6. 9. Reasons for the increase in women's participation in work
  7. 11. The difference in wages between different groups increasing rapidly