Examlex
If consumer tastes are changing more in favor of the consumption of a particular good the
Union Labor
refers to labor that is represented by a union, which negotiates wages, working conditions, and other employment terms on behalf of its members.
Wage Rate
The amount of money paid to an employee by an employer in exchange for work performed, typically expressed on an hourly, daily, or piecework basis.
Total Productivity
The ratio of total output (goods and services) produced to the total inputs used to obtain that output, measuring efficiency in production.
Union Labor
Workforce that is organized in trade unions which negotiate wages, working conditions, and benefits on their behalf.
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