Because competing firms urge them to accept the market's current equilibrium price, perfectly competitive firms are referred to as price takers.
Employers provide workers a job. Employer can also imply to use (the word employ also could mean to utilize), as in Be a decent company of your time, which is a less common meaning. Example: The factory, the county's largest employer, will lay off thousands of workers if it closes.
The corporation that employs (hired) someone and pays (paying) your wage is the employer; you are the employee. So, for instance, if you are employed by Apple, Apple is the name of your employer. You
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