Examlex
In what ways did traditional guild organization affect the development and spread of innovative technologies?
Early Retirement
An option allowing individuals to retire before the traditional retirement age, often with specific pension or benefits arrangements.
Labor Surplus
A situation in which the supply of workers exceeds the demand for labor, leading to unemployment or underemployment.
Labor Surplus
A situation where the supply of labor exceeds the demand for labor, often leading to unemployment or underemployment.
Natural Attrition
The process of reducing the workforce through voluntary means, such as retirement or resignation, rather than layoffs or firings.
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