Examlex
When a quota is imposed, the difference between the price the consumer pays and the price the foreign supplier gets goes to the government that imposed the quota.
Secondary Labour Market
Jobs that are insecure and temporary, offer minimal pay, and provide few opportunities to advance.
Primary Labour Market
Jobs that provide stable and comfortable salaries, potential for growth and promotion, and fringe benefits, but also require postsecondary training or education.
Minimum Wage
The lowest legal hourly rate of pay that an employer can pay to workers.
Military Junta
A government led by a committee of military leaders, often established after a coup d'état, ruling without constitutional legitimacy.
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