Examlex
Aligned features refers to:
Compensating Differentials
Wage differences across jobs that reflect the desirable or undesirable aspects of each job, equalizing the overall desirability of different positions.
Above-Equilibrium
A situation where the price of a good or service is set above the market's equilibrium price, resulting in excess supply or a surplus of the product.
Equilibrium Level
The state in which market supply and demand balance each other, resulting in stable prices and quantities.
Efficiency Wages
A higher wage paid by employers to increase worker productivity and loyalty, reducing turnover and shirking.
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