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Management contracting is an unwise choice if a domestic firm can make greater profits by undertaking a whole venture.
Dual Labor Market
refers to the division of the labor market into two segments: the primary segment offering higher wages, job security, and better working conditions, and the secondary segment characterized by low-paying, insecure, and temporary jobs.
Primary
First in order of importance or sequence, often indicating a main source, factor, or element.
Secondary Labor Markets
Segments of the labor market characterized by low pay, poor job security, and minimal benefits, often involving part-time or temporary work.
Radical Feminist
A branch of feminism that views patriarchy as a fundamental and pervasive system of oppression that needs to be dismantled from its roots for true gender equality to be achieved.
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