Ancient Greece
Labor supply refers to the total number of hours that workers are willing and able to work at a given wage rate in a specific period. In the context of Ancient Greece, particularly during the era of slavery, labor supply was heavily influenced by the institution of slavery, which provided a large pool of workforce that was essential for agricultural production, household services, and various crafts. The reliance on slave labor allowed free citizens to engage in political and philosophical pursuits, while also shaping economic structures and social hierarchies.
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