Examlex
Provide a customer-centered definition of the term quality.
Health Maintenance Organizations
A type of health insurance plan that provides a network of doctors and hospitals for patient care, often with an emphasis on prevention and wellness.
Lower Wages
Reduced compensation for work performed, often relative to previous levels or compared to industry standards.
Unions
Organizations of workers that try to raise wages and improve working conditions for their members by bargaining collectively.
Marginal Product of Labor
This refers to the additional output a firm gains from hiring one more unit of labor, holding all other factors constant.
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