Examlex
_______________is an economic system characterized by public ownership of the means of production, the pursuit of collective goals, and centralized decision making.
Piece Rate
A compensation system where workers are paid a fixed sum for each unit of production completed, rather than by the hour or salary.
Individual
Referring to a single human being as distinct from a group, class, or family.
Team-based Pay
A compensation strategy where pay is based on the performance of the team as a whole, rather than individual performance.
Performance Programs
Structured initiatives designed to improve the efficiency and effectiveness of an organization or individual's work.
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