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Direct Dealing
An approach where employers and employees negotiate employment terms without the mediation of a labor union, emphasizing direct interaction and agreement.
Arbitrator
A neutral third-party individual who is chosen to resolve a dispute between parties outside of court, often used in labor disputes to decide on fair terms of agreements or contracts.
Binding Arbitration
A dispute resolution process where an impartial third party makes a decision that is legally binding on both sides involved in the dispute.
Zero-Sum Game
A situation in which one party’s gain is exactly balanced by another party's loss, ensuring that the total value in the system remains unchanged.
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