The student demonstrates a strong understanding of economic concepts through the incorporation of subject-specific terminology, which is evident throughout the work. However, there is a significant issue with the incorrect use of terminology, specifically referring to "price floor" when discussing labour, which should have been "minimum wage." Despite this error, the student effectively utilizes terms such as "surplus of labour," "allocative inefficiency," "opportunity cost," and "deadweight loss," contributing to a coherent analysis of the implications of raising the minimum wage on the labour market and the overall economy.
