| A | B |
|---|
| baby busters | individuals born between 1965 and 1985 |
| entrepreneurship | innovation that creates much of the new employment in an economy |
| formal labor market | characterized by firms that have a formal procedure for selecting employees |
| human capital | labor that is considered to be the most important component of national wealth |
| labor market advantage | credentials that give one applicant an advantage over another applicant |
| occupational skills | skills required for a specific job |
| price and quality | the basis of competition |
| productivity | output of goods and services that results from an hour of labor |
| supply and demand | established by seller and buyer interactions |
| workforce diversification | gender and ethnic composition of the workforce |
