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In a democratic society,a key question is:
Job Security
The assurance or probability that an individual will keep their job without the risk of becoming unemployed.
Equity Theory
A theory of motivation that suggests individuals assess their job satisfaction based on the ratio of inputs to outcomes, compared to others.
Market Price
The price at which an item or service is traded in the competitive marketplace.
Competitive Market
A marketplace where numerous competitors vie to sell their goods or services, ensuring no single participant can control the market dynamics.
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