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contraction

economics

Learn about this topic in these articles:

income theory

labour force

  • National convention of the Women's Trade Union League
    In labour economics: Deployment of the labour force

    …industries, when those industries have contracted or expanded as compared with others. Coal mining and cotton textiles are examples of contraction. The service industries, on the other hand, have expanded: a greater proportion of household expenditure is devoted to services; education has extended; governments have provided more social services. A…

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