Examlex
Marina works for a company in which a union is recognized as the bargaining agent for the workers who perform her type of job. However, under the arrangements at her company, Marina is not required to join the union, nor is she required to pay any fees or dues to the union. Marina works under an agency shop agreement.
Nondurables
Goods with a short life span and typically consumed in a short period after purchase, such as food, beverages, and paper products.
Services
Activities, benefits, or satisfactions that are offered for sale that are essentially intangible and do not result in the ownership of anything.
Murray Weidenbaum
An American economist known for his contributions to public policy, environmental economics, and as a key economic advisor during the Reagan administration.
Thorstein Veblen
A prominent American economist and sociologist known for his theories on the social implications of economic behaviors, particularly conspicuous consumption and leisure class.
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