Examlex
In exchange for the loss of some present value of the interest and principal on a loan after a rescheduling, the lender avoids the permanent loss that would result from a default.
Human Capital
Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Compensating Differential
A variation in pay or wages that arises to compensate workers for differences in the desirability of a job, such as working conditions or job location.
Labor Markets
The supply and demand for labor, where employers seek workers and individuals seek employment.
Discrimination
Unfair treatment of individuals based on race, gender, age, or other characteristics rather than on merit or qualifications.
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