Examlex
Which term did Marshall McLuhan use to refer to the "shrinking" of the world through immediate electronic communications?
Wages
Payments made to workers or employees as compensation for their labor or services.
Prices
The monetary value assigned to goods and services, determined by various factors including supply and demand dynamics.
Institutional Barriers
Obstacles created by cultural, legal, and organizational structures that hinder the progress or implementation of policies or operations.
Wage Flexibility
The ability of wages to adjust to changes in market conditions, including the supply and demand for labor.
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