In a perfectly competitive economy,individuals would be paid according to their

Name: In a perfectly competitive economy,individuals would be paid according to their
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In a perfectly competitive economy, individuals would be paid according to their contribution to production. This means that wages would be determined by market forces like supply and demand, and an individual's skillset and productivity. Age, seniority, physical ability, race or gender would not be factors in determining the wage rate.

In a Perfectly Competitive Economy,individuals Would Be Paid According to Their